John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Crosses Above 200-Day Moving Average of $10.83

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.83 and traded as high as $11.74. John Hancock Premium Dividend Fund shares last traded at $11.73, with a volume of 126,869 shares trading hands.

John Hancock Premium Dividend Fund Price Performance

The business’s 50 day simple moving average is $11.47 and its 200 day simple moving average is $10.83.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th 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 8.44%. The ex-dividend date of this dividend is Friday, May 10th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of hedge funds have recently bought and sold shares of PDT. International Assets Investment Management LLC increased its position in John Hancock Premium Dividend Fund by 923.9% during the fourth quarter. International Assets Investment Management LLC now owns 496,426 shares of the real estate investment trust’s stock worth $5,287,000 after acquiring an additional 447,941 shares during the period. Axxcess Wealth Management LLC increased its holdings in John Hancock Premium Dividend Fund by 270.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 378,540 shares of the real estate investment trust’s stock valued at $4,031,000 after buying an additional 276,221 shares during the period. Penserra Capital Management LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at approximately $1,849,000. Shaker Financial Services LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at approximately $1,561,000. Finally, AQR Arbitrage LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at approximately $1,553,000. 12.98% of the stock is 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.