John Hancock Premium Dividend Fund (NYSE:PDT) Share Price Passes Above 200-Day Moving Average – Should You Sell?

John Hancock Premium Dividend Fund (NYSE:PDT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.37 and traded as high as $12.93. John Hancock Premium Dividend Fund shares last traded at $12.92, with a volume of 96,847 shares.

John Hancock Premium Dividend Fund Stock Up 2.0 %

The company’s fifty day moving average price is $13.16 and its 200 day moving average price is $12.37.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.99 annualized dividend and a yield of 7.66%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several institutional investors have recently modified their holdings of PDT. International Assets Investment Management LLC lifted its holdings in John Hancock Premium Dividend Fund by 1,225.2% during the third 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. Axxcess Wealth Management LLC raised its stake in shares of John Hancock Premium Dividend Fund by 11.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 484,495 shares of the real estate investment trust’s stock worth $5,707,000 after purchasing an additional 48,169 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 1.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock worth $2,637,000 after buying an additional 4,118 shares during the last quarter. Shaker Financial Services LLC grew its position in John Hancock Premium Dividend Fund by 81.8% during the second quarter. Shaker Financial Services LLC now owns 212,585 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 95,639 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in John Hancock Premium Dividend Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock worth $1,423,000 after buying an additional 2,041 shares during the last quarter. 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.