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John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Passes Above 200 Day Moving Average - Here's Why

John Hancock Premium Dividend Fund logo with Finance background

John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.09 and traded as high as $13.29. John Hancock Premium Dividend Fund shares last traded at $13.27, with a volume of 123,533 shares trading hands.

John Hancock Premium Dividend Fund Trading Down 0.5 %

The business's 50 day moving average is $13.08 and its two-hundred day moving average is $12.10.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Friday, October 11th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PDT. J.W. Cole Advisors Inc. grew its holdings in John Hancock Premium Dividend Fund by 7.3% during the second quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust's stock worth $211,000 after acquiring an additional 1,221 shares during the period. Commonwealth Equity Services LLC grew its holdings in John Hancock Premium Dividend Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust's stock worth $1,423,000 after acquiring an additional 2,041 shares during the period. Ausdal Financial Partners Inc. grew its holdings in John Hancock Premium Dividend Fund by 5.8% during the second quarter. Ausdal Financial Partners Inc. now owns 56,845 shares of the real estate investment trust's stock worth $670,000 after acquiring an additional 3,101 shares during the period. Pathway Financial Advisers LLC grew its holdings in John Hancock Premium Dividend Fund by 1.9% during the second quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust's stock worth $2,637,000 after acquiring an additional 4,118 shares during the period. Finally, Second Line Capital LLC grew its holdings in John Hancock Premium Dividend Fund by 11.3% during the first quarter. Second Line Capital LLC now owns 41,561 shares of the real estate investment trust's stock worth $484,000 after acquiring an additional 4,207 shares during the period. 12.98% of the stock is currently owned by institutional investors.

John Hancock Premium Dividend Fund Company Profile

(Get Free Report)

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.

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