John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Passes Above 200 Day Moving Average – Time to Sell?

John Hancock Premium Dividend Fund (NYSE:PDT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.22 and traded as high as $12.91. John Hancock Premium Dividend Fund shares last traded at $12.75, with a volume of 81,586 shares.

John Hancock Premium Dividend Fund Trading Down 0.6 %

The firm has a fifty day moving average price of $13.20 and a two-hundred day moving average price of $12.22.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a dividend of $0.0825 per share. The ex-dividend date was Friday, October 11th. This represents a $0.99 dividend on an annualized basis and a yield of 7.76%.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors have recently made changes to their positions in PDT. Williams Jones Wealth Management LLC. purchased a new position in John Hancock Premium Dividend Fund in the 1st quarter worth approximately $127,000. Mercer Global Advisors Inc. ADV purchased a new stake in John Hancock Premium Dividend Fund during the 2nd quarter valued at $164,000. J.W. Cole Advisors Inc. lifted its holdings in shares of John Hancock Premium Dividend Fund by 7.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,221 shares during the period. Mosaic Family Wealth Partners LLC boosted its stake in shares of John Hancock Premium Dividend Fund by 42.0% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 39,144 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 11,586 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 46.5% in the second quarter. Calamos Advisors LLC now owns 40,932 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 12,985 shares during the period. Hedge funds and other institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

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.