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

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.08 and traded as high as $13.59. John Hancock Premium Dividend Fund shares last traded at $13.54, with a volume of 131,169 shares trading hands.

John Hancock Premium Dividend Fund Trading Up 0.1%

The stock has a fifty day moving average of $12.99 and a 200 day moving average of $13.08.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.0825 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, February 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in John Hancock Premium Dividend Fund in the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of John Hancock Premium Dividend Fund by 43.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 864 shares during the last quarter. First Horizon Corp acquired a new position in shares of John Hancock Premium Dividend Fund in the 3rd quarter valued at about $43,000. PNC Financial Services Group Inc. lifted its holdings in shares of John Hancock Premium Dividend Fund by 36.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 889 shares during the period. Finally, Ameriflex Group Inc. boosted its stake in shares of John Hancock Premium Dividend Fund by 324.6% in the fourth quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 3,246 shares during the last quarter. Hedge funds and other institutional investors own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.