John Hancock Premium Dividend Fund (NYSE:PDT) Stock Passes Above Two Hundred Day Moving Average of $10.76

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.76 and traded as high as $11.17. John Hancock Premium Dividend Fund shares last traded at $11.14, with a volume of 63,175 shares traded.

John Hancock Premium Dividend Fund Trading Up 0.6 %

The company has a 50-day moving average of $11.44 and a 200-day moving average of $10.76.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC raised its position in shares of John Hancock Premium Dividend Fund by 923.9% in the 4th quarter. International Assets Investment Management LLC now owns 496,426 shares of the real estate investment trust’s stock worth $5,287,000 after acquiring an additional 447,941 shares in the last quarter. Bridge Advisory LLC raised its position in shares of John Hancock Premium Dividend Fund by 5.6% in the 3rd quarter. Bridge Advisory LLC now owns 474,319 shares of the real estate investment trust’s stock worth $4,563,000 after acquiring an additional 25,254 shares in the last quarter. Axxcess Wealth Management LLC raised its position in shares of John Hancock Premium Dividend Fund by 270.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 378,540 shares of the real estate investment trust’s stock worth $4,031,000 after acquiring an additional 276,221 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of John Hancock Premium Dividend Fund in the 3rd quarter worth about $1,849,000. Finally, Shaker Financial Services LLC acquired a new stake in shares of John Hancock Premium Dividend Fund in the 3rd quarter valued at about $1,561,000. 12.98% of the stock is owned by institutional investors.

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.