John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

John Hancock Premium Dividend Fund (NYSE:PDT – Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.01 and traded as low as $12.95. John Hancock Premium Dividend Fund shares last traded at $13.0250, with a volume of 138,346 shares trading hands.

John Hancock Premium Dividend Fund Stock Up 0.3%

The company’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $13.01.

Get John Hancock Premium Dividend Fund alerts:

John Hancock Premium Dividend Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 13th will be paid a dividend of $0.0883 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a yield of 8.1%. This is an increase from John Hancock Premium Dividend Fund’s previous monthly dividend of $0.08.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several large investors have recently bought and sold shares of PDT. Invesco Ltd. increased its position in shares of John Hancock Premium Dividend Fund by 2.4% during the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after purchasing an additional 16,425 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of John Hancock Premium Dividend Fund by 9.3% in the 2nd quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 2,425 shares during the period. Nomura Holdings Inc. purchased a new position in John Hancock Premium Dividend Fund during the 2nd quarter worth approximately $132,000. PNC Financial Services Group Inc. grew its stake in John Hancock Premium Dividend Fund by 36.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 889 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in John Hancock Premium Dividend Fund during the third quarter worth approximately $1,121,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than John Hancock Premium Dividend Fund
• Apple and Broadcom Forge a Decade-Long Silicon Fortress
• SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
• The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
• Palantir’s CEO Just Called Out OpenAI and Anthropic

Receive News & Ratings for John Hancock Premium Dividend Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Premium Dividend Fund and related companies with MarketBeat.com's FREE daily email newsletter.