John Hancock Premium Dividend Fund (NYSE:PDT) Stock Crosses Above 200-Day Moving Average of $10.76

John Hancock Premium Dividend Fund (NYSE:PDT) 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 trading hands.

John Hancock Premium Dividend Fund Stock Performance

The company’s 50-day moving average price is $11.43 and its 200 day moving average price is $10.76.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be paid a dividend of $0.0825 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 8.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. grew its stake in shares of John Hancock Premium Dividend Fund by 15.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 16,457 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 2,228 shares during the period. Stratos Wealth Partners LTD. boosted its stake in John Hancock Premium Dividend Fund by 2.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 124,146 shares of the real estate investment trust’s stock worth $1,322,000 after purchasing an additional 2,726 shares during the period. Kestra Advisory Services LLC boosted its stake in John Hancock Premium Dividend Fund by 9.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 87,812 shares of the real estate investment trust’s stock worth $845,000 after purchasing an additional 7,542 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in John Hancock Premium Dividend Fund by 25.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 63,054 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 12,938 shares during the period. Finally, CTC Alternative Strategies Ltd. bought a new position in John Hancock Premium Dividend Fund in the 4th quarter worth approximately $140,000. 12.98% of the stock is currently owned by 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.