John Hancock Premium Dividend Fund (NYSE:PDT) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.03 and traded as high as $13.28. John Hancock Premium Dividend Fund shares last traded at $13.1050, with a volume of 146,831 shares changing hands.

John Hancock Premium Dividend Fund Price Performance

The company has a 50-day simple moving average of $13.21 and a two-hundred day simple moving average of $13.03.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be issued a $0.0825 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in John Hancock Premium Dividend Fund by 2.4% in the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after acquiring an additional 16,425 shares during the period. Raymond James Financial Inc. increased its stake in shares of John Hancock Premium Dividend Fund by 9.3% during the 2nd quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 2,425 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth approximately $132,000. Shaker Financial Services LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 366.7% in the 3rd quarter. Shaker Financial Services LLC now owns 98,453 shares of the real estate investment trust’s stock worth $1,313,000 after purchasing an additional 77,357 shares during the period. Finally, First Horizon Corp purchased a new position in John Hancock Premium Dividend Fund in the third quarter valued at approximately $43,000. 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.