John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

John Hancock Premium Dividend Fund (NYSE:PDT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.79 and traded as high as $12.88. John Hancock Premium Dividend Fund shares last traded at $12.86, with a volume of 76,959 shares trading hands.

John Hancock Premium Dividend Fund Stock Up 0.8 %

The firm’s 50 day simple moving average is $12.73 and its 200-day simple moving average is $12.79.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a $0.0825 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.99 annualized dividend and a yield of 7.70%.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Several hedge funds have recently made changes to their positions in PDT. International Assets Investment Management LLC boosted its stake in shares of John Hancock Premium Dividend Fund by 1,225.2% during the third quarter. International Assets Investment Management LLC now owns 550,563 shares of the real estate investment trust’s stock worth $7,278,000 after buying an additional 509,016 shares during the period. Sovran Advisors LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter worth about $1,062,000. Jane Street Group LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the third quarter worth about $382,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of John Hancock Premium Dividend Fund during the third quarter worth about $332,000. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter worth about $282,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

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.