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

John Hancock Premium Dividend Fund (NYSE:PDT)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.01 and traded as low as $12.95. John Hancock Premium Dividend Fund shares last traded at $13.0250, with a volume of 138,346 shares traded.

John Hancock Premium Dividend Fund Stock Performance

The stock’s 50 day moving average is $12.89 and its two-hundred day moving average is $13.01.

John Hancock Premium Dividend Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 13th will be given a $0.0883 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. This is a boost from John Hancock Premium Dividend Fund’s previous monthly dividend of $0.08.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Institutional investors have recently modified their holdings of the company. Calamos Advisors LLC acquired a new stake in John Hancock Premium Dividend Fund in the first quarter valued at $769,000. Abel Hall LLC purchased a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth about $196,000. Pathway Financial Advisers LLC boosted its position in shares of John Hancock Premium Dividend Fund by 1.2% during the 1st quarter. Pathway Financial Advisers LLC now owns 231,745 shares of the real estate investment trust’s stock worth $3,036,000 after acquiring an additional 2,702 shares in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter worth about $1,145,000. Finally, SHP Wealth Management purchased a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter valued at about $27,000. 12.98% of the stock is owned by hedge funds and other institutional investors.

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.