John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.08 and traded as high as $13.36. John Hancock Premium Dividend Fund shares last traded at $13.3450, with a volume of 106,093 shares traded.

John Hancock Premium Dividend Fund Price Performance

The business has a 50 day simple moving average of $12.82 and a 200 day simple moving average of $13.08.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDT. Stratos Wealth Partners LTD. grew its position in John Hancock Premium Dividend Fund by 3.4% in the second quarter. Stratos Wealth Partners LTD. now owns 143,936 shares of the real estate investment trust’s stock worth $1,896,000 after acquiring an additional 4,796 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in shares of John Hancock Premium Dividend Fund by 14.0% in the 2nd quarter. Cornerstone Advisors LLC now owns 231,762 shares of the real estate investment trust’s stock valued at $3,052,000 after purchasing an additional 28,424 shares during the last quarter. Walled Lake Planning & Wealth Management LLC bought a new stake in John Hancock Premium Dividend Fund in the second quarter worth $175,000. Invesco Ltd. increased its position in John Hancock Premium Dividend Fund by 2.4% during the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust’s stock worth $9,054,000 after buying an additional 16,425 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in John Hancock Premium Dividend Fund by 9.3% during the second quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust’s stock worth $376,000 after buying an additional 2,425 shares during the last quarter. 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.