John Hancock Premium Dividend Fund (NYSE:PDT) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.91 and traded as high as $12.97. John Hancock Premium Dividend Fund shares last traded at $12.85, with a volume of 133,278 shares.

John Hancock Premium Dividend Fund Stock Performance

The firm has a 50 day moving average price of $12.76 and a 200-day moving average price of $12.91.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0825 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.99 dividend on an annualized basis and a yield of 7.68%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of PDT. International Assets Investment Management LLC grew its stake in John Hancock Premium Dividend Fund by 1,225.2% in the 3rd quarter. International Assets Investment Management LLC now owns 550,563 shares of the real estate investment trust’s stock valued at $7,278,000 after buying an additional 509,016 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of John Hancock Premium Dividend Fund in the third quarter valued at about $332,000. HighTower Advisors LLC bought a new position in shares of John Hancock Premium Dividend Fund in the third quarter worth about $212,000. Safe Harbor Fiduciary LLC bought a new position in shares of John Hancock Premium Dividend Fund in the third quarter worth about $291,000. Finally, Jane Street Group LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the 3rd quarter worth about $382,000. Institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.