John Hancock Premium Dividend Fund (NYSE:PDT) Stock Price Passes Above 200 Day Moving Average – Time to 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 $12.37 and traded as high as $12.93. John Hancock Premium Dividend Fund shares last traded at $12.92, with a volume of 96,847 shares changing hands.

John Hancock Premium Dividend Fund Trading Up 2.0 %

The company’s fifty day simple moving average is $13.16 and its 200 day simple moving average is $12.37.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be issued a $0.0825 dividend. This represents a $0.99 annualized dividend and a yield of 7.66%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Investors Weigh In On John Hancock Premium Dividend Fund

Institutional investors have recently made changes to their positions in the stock. EP Wealth Advisors LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the third quarter valued at $229,000. Jane Street Group LLC bought a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth about $382,000. Safe Harbor Fiduciary LLC bought a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth about $291,000. HighTower Advisors LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the third quarter valued at about $212,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of John Hancock Premium Dividend Fund in the third quarter worth about $332,000. Hedge funds and other 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.