John Hancock Premium Dividend Fund (NYSE:PDT) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.16 and traded as high as $13.30. John Hancock Premium Dividend Fund shares last traded at $13.23, with a volume of 79,594 shares trading hands.

John Hancock Premium Dividend Fund Stock Up 0.6 %

The business’s fifty day moving average is $13.18 and its two-hundred day moving average is $12.16.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.99 annualized dividend and a dividend yield of 7.48%.

Institutional Trading of John Hancock Premium Dividend Fund

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in John Hancock Premium Dividend Fund by 1,225.2% during the 3rd quarter. International Assets Investment Management LLC now owns 550,563 shares of the real estate investment trust’s stock worth $7,278,000 after purchasing an additional 509,016 shares during the period. Pathway Financial Advisers LLC increased its stake in shares of John Hancock Premium Dividend Fund by 1.9% during the second quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock worth $2,637,000 after buying an additional 4,118 shares during the period. Second Line Capital LLC raised its holdings in John Hancock Premium Dividend Fund by 11.6% in the second quarter. Second Line Capital LLC now owns 46,377 shares of the real estate investment trust’s stock valued at $546,000 after acquiring an additional 4,816 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in John Hancock Premium Dividend Fund in the second quarter valued at approximately $164,000. Finally, Axxcess Wealth Management LLC lifted its stake in John Hancock Premium Dividend Fund by 11.0% in the second quarter. Axxcess Wealth Management LLC now owns 484,495 shares of the real estate investment trust’s stock worth $5,707,000 after acquiring an additional 48,169 shares during the last quarter. 12.98% of the stock is currently owned by institutional investors and hedge funds.

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.