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

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.08 and traded as high as $13.59. John Hancock Premium Dividend Fund shares last traded at $13.54, with a volume of 131,169 shares traded.

John Hancock Premium Dividend Fund Stock Performance

The company has a 50-day moving average of $12.99 and a 200-day moving average of $13.08.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.0825 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 7.3%.

Institutional Trading of John Hancock Premium Dividend Fund

Several large investors have recently bought and sold shares of PDT. Axxcess Wealth Management LLC increased its stake in John Hancock Premium Dividend Fund by 6.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 540,241 shares of the real estate investment trust’s stock valued at $6,861,000 after purchasing an additional 30,431 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 324.6% during the fourth quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 3,246 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter valued at $191,000. Readystate Asset Management LP raised its stake in John Hancock Premium Dividend Fund by 168.6% in the 4th quarter. Readystate Asset Management LP now owns 99,738 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 62,607 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth about $1,093,000. Hedge funds and other institutional investors own 12.98% of the company’s stock.

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.