John Hancock Premium Dividend Fund (NYSE:PDT) Shares Cross Above 200 Day Moving Average – Here’s What Happened

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.79 and traded as high as $12.88. John Hancock Premium Dividend Fund shares last traded at $12.86, with a volume of 76,959 shares traded.

John Hancock Premium Dividend Fund Price Performance

The stock has a 50 day moving average of $12.72 and a 200 day moving average of $12.80.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.0825 per share. The ex-dividend date was Monday, January 13th. This represents a $0.99 annualized dividend and a dividend yield of 7.73%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PDT. Sound Income Strategies LLC boosted its holdings in John Hancock Premium Dividend Fund by 112.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,017 shares during the period. HighTower Advisors LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the third quarter valued at approximately $212,000. EP Wealth Advisors LLC bought a new position in shares of John Hancock Premium Dividend Fund in the third quarter worth approximately $229,000. Mezzasalma Advisors LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth $282,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in John Hancock Premium Dividend Fund during the 3rd quarter valued at $291,000. 12.98% of the stock is owned by hedge funds and other institutional investors.

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.