John Hancock Premium Dividend Fund (NYSE:PDT) Shares Pass Above 200-Day Moving Average - Here's What Happened

John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.14 and traded as high as $13.14. John Hancock Premium Dividend Fund shares last traded at $13.11, with a volume of 74,270 shares. John Hancock Premium Dividend Fund Stock Up 0.3%The business has a 50 day moving average price of $13.22 and a 200 day moving average price of $13.14.John Hancock Premium Dividend Fund Dividend AnnouncementThe business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be given a $0.0825 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, November 13th. Institutional Trading of John Hancock Premium Dividend FundA number of hedge funds have recently added to or reduced their stakes in PDT. Pathway Financial Advisers LLC increased its holdings in John Hancock Premium Dividend Fund by 2.4% in the second quarter. Pathway Financial Advisers LLC now owns 226,179 shares of the real estate investment trust's stock valued at $2,979,000 after buying an additional 5,360 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of John Hancock Premium Dividend Fund by 366.7% during the 3rd quarter. Shaker Financial Services LLC now owns 98,453 shares of the real estate investment trust's stock valued at $1,313,000 after acquiring an additional 77,357 shares during the period. Readystate Asset Management LP increased its stake in shares of John Hancock Premium Dividend Fund by 178.2% in the 3rd quarter. Readystate Asset Management LP now owns 37,131 shares of the real estate investment trust's stock valued at $495,000 after purchasing an additional 23,784 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in John Hancock Premium Dividend Fund by 4.6% in the 3rd quarter. Cornerstone Advisors LLC now owns 242,462 shares of the real estate investment trust's stock worth $3,234,000 after purchasing an additional 10,700 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in John Hancock Premium Dividend Fund by 36.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 889 shares in the last quarter. 12.98% of the stock is owned by hedge funds and other institutional investors. John Hancock Premium Dividend Fund Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than John Hancock Premium Dividend FundWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?CoreWeave's Guidance Cut: A Buying Opportunity in Disguise?Special Purpose Acquisition Company (SPAC) What You Need to Know Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?3 Ways To Invest In Coffee, Other Than Drinking ItBigBear.ai Stock Is Range-Bound—Wall Street Isn’t Buying the HypeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in John Hancock Premium Dividend Fund Right Now?Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.While John Hancock Premium Dividend Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here