John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.78 and traded as high as $13.39. John Hancock Premium Dividend Fund shares last traded at $13.29, with a volume of 145,100 shares changing hands.

John Hancock Premium Dividend Fund Trading Down 0.2%

The stock's 50-day simple moving average is $12.97 and its 200 day simple moving average is $12.78.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be paid a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Friday, July 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter worth about $425,000. Axxcess Wealth Management LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 5.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 472,568 shares of the real estate investment trust's stock worth $6,021,000 after purchasing an additional 24,350 shares during the last quarter. LPL Financial LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 71.1% during the fourth quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock worth $5,122,000 after purchasing an additional 167,125 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 1.7% during 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 during the last quarter. Finally, Arlington Capital Management Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 15.2% during the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,906 shares during the last quarter. Institutional investors and hedge funds own 12.98% of the company's stock.

About John Hancock Premium Dividend Fund

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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