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

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.92 and traded as high as $12.99. John Hancock Premium Dividend Fund shares last traded at $12.95, with a volume of 127,587 shares traded.

John Hancock Premium Dividend Fund Price Performance

The business has a 50 day simple moving average of $12.84 and a 200-day simple moving average of $12.92.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.0825 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.99 dividend on an annualized basis and a yield of 7.65%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PDT. Sound Income Strategies LLC lifted its stake in John Hancock Premium Dividend Fund by 112.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,017 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in John Hancock Premium Dividend Fund in the 4th quarter worth about $77,000. BankPlus Trust Department bought a new stake in John Hancock Premium Dividend Fund in the 4th quarter valued at about $113,000. Landscape Capital Management L.L.C. bought a new stake in John Hancock Premium Dividend Fund in the 4th quarter valued at about $146,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in John Hancock Premium Dividend Fund by 11.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 1,400 shares during the last quarter. 12.98% of the stock is owned by institutional investors.

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.