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

Key Points

• John Hancock Premium Dividend Fund (PDT) shares crossed above their 200-day moving average of $13.03, trading as high as $13.28 and last at $13.1050 on volume of 146,831 shares.
• The fund declared a monthly dividend of $0.0825 per share, with an ex‑dividend and record date of May 11 and a payment date of May 29, implying an annualized yield of about 7.6%.
• Institutional investors materially boosted holdings in the fourth quarter—Northwestern Mutual added ~2.75 million shares and Wolverine Asset Management added ~248k shares—leaving about 12.98% of the stock owned by institutions.

John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.03 and traded as high as $13.28. John Hancock Premium Dividend Fund shares last traded at $13.1050, with a volume of 146,831 shares traded.

John Hancock Premium Dividend Fund Price Performance

The firm's 50 day moving average price is $13.21 and its two-hundred day moving average price is $13.03.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a dividend of $0.0825 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of John Hancock Premium Dividend Fund by 96,097.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,755,098 shares of the real estate investment trust's stock valued at $34,990,000 after buying an additional 2,752,234 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of John Hancock Premium Dividend Fund by 2,093.1% during the fourth quarter. Wolverine Asset Management LLC now owns 260,103 shares of the real estate investment trust's stock valued at $3,303,000 after buying an additional 248,243 shares during the last quarter. Coquina Private Wealth LLC bought a new stake in John Hancock Premium Dividend Fund during the fourth quarter worth $466,000. Shaker Financial Services LLC raised its position in John Hancock Premium Dividend Fund by 16.1% in the 4th quarter. Shaker Financial Services LLC now owns 114,265 shares of the real estate investment trust's stock valued at $1,451,000 after buying an additional 15,812 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in John Hancock Premium Dividend Fund by 2.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 143,865 shares of the real estate investment trust's stock valued at $1,827,000 after acquiring an additional 2,868 shares in the last quarter. 12.98% of the stock is owned by institutional investors and hedge funds.

About John Hancock Premium Dividend Fund

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.

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