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

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.92 and traded as high as $12.99. John Hancock Premium Dividend Fund shares last traded at $12.95, with a volume of 127,587 shares traded.

John Hancock Premium Dividend Fund Price Performance

The business’s 50-day moving average price is $12.84 and its 200 day moving average price is $12.92.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 7.65%. The ex-dividend date is Thursday, March 13th.

Institutional Trading of John Hancock Premium Dividend Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Cohen & Steers Inc. grew its stake in John Hancock Premium Dividend Fund by 23.2% in the 4th quarter. Cohen & Steers Inc. now owns 773,593 shares of the real estate investment trust’s stock worth $9,856,000 after buying an additional 145,500 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in John Hancock Premium Dividend Fund by 9.0% during the 4th quarter. Guggenheim Capital LLC now owns 632,437 shares of the real estate investment trust’s stock valued at $8,057,000 after acquiring an additional 52,065 shares during the period. Invesco Ltd. grew its position in John Hancock Premium Dividend Fund by 31.6% during the 4th quarter. Invesco Ltd. now owns 628,792 shares of the real estate investment trust’s stock worth $8,011,000 after acquiring an additional 150,909 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in John Hancock Premium Dividend Fund by 5.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 472,568 shares of the real estate investment trust’s stock valued at $6,021,000 after buying an additional 24,350 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in John Hancock Premium Dividend Fund by 71.1% in the 4th quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust’s stock worth $5,122,000 after acquiring an additional 167,125 shares during the last quarter. Hedge funds and other institutional investors own 12.98% of the company’s stock.

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.