John Hancock Premium Dividend Fund (NYSE:PDT) Shares Cross Above 200 Day Moving Average - Should You Sell?

Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.71 and traded as high as $12.83. John Hancock Premium Dividend Fund shares last traded at $12.67, with a volume of 90,377 shares traded.

John Hancock Premium Dividend Fund Stock Down 1.2%

The stock's 50-day moving average price is $12.58 and its 200 day moving average price is $12.71.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be given a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date is Monday, May 12th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently made changes to their positions in the business. Ausdal Financial Partners Inc. lifted its position in shares of John Hancock Premium Dividend Fund by 1.7% in the fourth quarter. Ausdal Financial Partners Inc. now owns 57,932 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 983 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 112.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock valued at $25,000 after buying an additional 1,017 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 11.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust's stock valued at $177,000 after buying an additional 1,400 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 0.6% in the 4th quarter. Pathway Financial Advisers LLC now owns 222,209 shares of the real estate investment trust's stock valued at $2,831,000 after buying an additional 1,428 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,749 shares of the real estate investment trust's stock valued at $258,000 after buying an additional 1,614 shares during the last quarter. Institutional investors own 12.98% of the company's stock.

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.

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