John Hancock Premium Dividend Fund (NYSE:PDT) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of 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 $13.08 and traded as high as $13.59. John Hancock Premium Dividend Fund shares last traded at $13.54, with a volume of 131,169 shares.

John Hancock Premium Dividend Fund Trading Up 0.3%

The business’s fifty day simple moving average is $13.01 and its 200-day simple moving average is $13.09.

John Hancock Premium Dividend Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.0825 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a c) annualized dividend and a yield of 7.3%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. UBS Group AG raised its position in John Hancock Premium Dividend Fund by 29.6% during the 3rd quarter. UBS Group AG now owns 61,719 shares of the real estate investment trust’s stock valued at $823,000 after purchasing an additional 14,108 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of John Hancock Premium Dividend Fund by 43.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 864 shares during the last quarter. Cetera Investment Advisers grew its position in John Hancock Premium Dividend Fund by 9.7% during the 4th quarter. Cetera Investment Advisers now owns 53,051 shares of the real estate investment trust’s stock valued at $674,000 after purchasing an additional 4,704 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 36.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 889 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 3,148.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,699 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 7,462 shares in the last quarter. Hedge funds and other institutional investors own 12.98% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.