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

John Hancock Premium Dividend Fund (NYSE:PDT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.79 and traded as high as $12.88. John Hancock Premium Dividend Fund shares last traded at $12.86, with a volume of 76,959 shares changing hands.

John Hancock Premium Dividend Fund Price Performance

The firm has a fifty day simple moving average of $12.72 and a two-hundred day simple moving average of $12.80.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.0825 dividend. This represents a $0.99 annualized dividend and a yield of 7.73%. The ex-dividend date was Monday, January 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 1,225.2% during the 3rd quarter. International Assets Investment Management LLC now owns 550,563 shares of the real estate investment trust’s stock worth $7,278,000 after acquiring an additional 509,016 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in John Hancock Premium Dividend Fund in the third quarter worth $332,000. HighTower Advisors LLC bought a new position in John Hancock Premium Dividend Fund in the third quarter worth $212,000. Safe Harbor Fiduciary LLC bought a new position in John Hancock Premium Dividend Fund in the third quarter worth $291,000. Finally, Jane Street Group LLC purchased a new position in John Hancock Premium Dividend Fund during the third quarter valued at $382,000. 12.98% of the stock is currently owned by institutional investors.

John Hancock Premium Dividend Fund Company Profile

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.