John Hancock Premium Dividend Fund (NYSE:PDT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.86 and traded as high as $13.00. John Hancock Premium Dividend Fund shares last traded at $12.94, with a volume of 89,270 shares trading hands.

John Hancock Premium Dividend Fund Stock Performance

The firm’s 50 day moving average is $12.69 and its two-hundred day moving average is $12.86.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.0825 dividend. This represents a $0.99 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Thursday, February 13th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC lifted 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 acquiring an additional 509,016 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in John Hancock Premium Dividend Fund in the third quarter valued at $332,000. HighTower Advisors LLC bought a new position in John Hancock Premium Dividend Fund in the third quarter valued at $212,000. Safe Harbor Fiduciary LLC acquired a new stake in John Hancock Premium Dividend Fund in the 3rd quarter valued at $291,000. Finally, Jane Street Group LLC bought a new stake in John Hancock Premium Dividend Fund during the 3rd quarter worth about $382,000. 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.