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

John Hancock Premium Dividend Fund (NYSE:PDT) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.04 and traded as high as $13.21. John Hancock Premium Dividend Fund shares last traded at $13.1750, with a volume of 111,255 shares changing hands.

John Hancock Premium Dividend Fund Trading Down 0.1%

The company has a 50-day moving average of $13.25 and a two-hundred day moving average of $13.04.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 13th will be given a $0.0825 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, April 13th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several large investors have recently made changes to their positions in PDT. Northwestern Mutual Wealth Management Co. lifted its position 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 acquiring an additional 2,752,234 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of John Hancock Premium Dividend Fund by 2,093.1% in 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 acquiring an additional 248,243 shares in the last quarter. 1607 Capital Partners LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter valued at about $2,708,000. ORG Partners LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter valued at about $1,524,000. Finally, Absolute Investment Advisers LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the first quarter valued at about $1,145,000. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Premium Dividend Fund Company Profile

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.