John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Above Two Hundred Day Moving Average of $10.69

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.69 and traded as high as $10.89. John Hancock Premium Dividend Fund shares last traded at $10.80, with a volume of 111,870 shares.

John Hancock Premium Dividend Fund Stock Up 0.4 %

The stock has a fifty day moving average price of $11.41 and a 200 day moving average price of $10.69.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently declared 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. This represents a $0.99 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date of this dividend is Wednesday, April 10th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new stake in John Hancock Premium Dividend Fund during the 4th quarter valued at $239,000. Flow State Investments L.P. grew its stake in John Hancock Premium Dividend Fund by 327.3% during the 4th quarter. Flow State Investments L.P. now owns 65,164 shares of the real estate investment trust’s stock worth $694,000 after buying an additional 49,913 shares during the last quarter. Kestra Advisory Services LLC grew its stake in John Hancock Premium Dividend Fund by 6.6% during the 4th quarter. Kestra Advisory Services LLC now owns 93,622 shares of the real estate investment trust’s stock valued at $997,000 after purchasing an additional 5,810 shares during the last quarter. Creative Planning grew its stake in John Hancock Premium Dividend Fund by 284.4% during the 4th quarter. Creative Planning now owns 13,727 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 10,156 shares during the last quarter. Finally, Northern Trust Corp purchased a new stake in John Hancock Premium Dividend Fund during the 4th quarter valued at about $117,000. 12.98% of the stock is owned by institutional investors.

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.