John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Passes Above 200 Day Moving Average of $10.69

John Hancock Premium Dividend Fund (NYSE:PDT) crossed 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 traded.

John Hancock Premium Dividend Fund Trading Up 0.7 %

The business’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $10.70.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.0825 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 9.07%.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning acquired a new stake in John Hancock Premium Dividend Fund in the 3rd quarter valued at $34,000. Captrust Financial Advisors bought a new position in shares of John Hancock Premium Dividend Fund in the 2nd quarter valued at about $84,000. Comerica Bank bought a new position in shares of John Hancock Premium Dividend Fund in the 3rd quarter valued at about $87,000. Northern Trust Corp bought a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter valued at about $117,000. Finally, CTC Alternative Strategies Ltd. bought a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter valued at about $140,000. 12.98% of the stock is currently owned by institutional investors and hedge funds.

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.