John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.72 and traded as high as $13.16. John Hancock Premium Dividend Fund shares last traded at $13.09, with a volume of 114,448 shares trading hands.
John Hancock Premium Dividend Fund Stock Up 0.4%
The company's 50 day simple moving average is $12.58 and its two-hundred day simple moving average is $12.72.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.99 annualized dividend and a dividend yield of 7.56%.
Institutional Trading of John Hancock Premium Dividend Fund
A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in John Hancock Premium Dividend Fund by 484.0% during the 4th quarter. Wells Fargo & Company MN now owns 271,560 shares of the real estate investment trust's stock valued at $3,460,000 after buying an additional 225,060 shares in the last quarter. Cornerstone Advisors LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the first quarter worth about $2,660,000. LPL Financial LLC grew its stake in shares of John Hancock Premium Dividend Fund by 71.1% during the fourth quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock worth $5,122,000 after acquiring an additional 167,125 shares during the last quarter. Invesco Ltd. increased its holdings in shares of John Hancock Premium Dividend Fund by 31.6% during the fourth quarter. Invesco Ltd. now owns 628,792 shares of the real estate investment trust's stock valued at $8,011,000 after acquiring an additional 150,909 shares in the last quarter. Finally, Cohen & Steers Inc. increased its holdings in shares of John Hancock Premium Dividend Fund by 23.2% during the fourth quarter. Cohen & Steers Inc. now owns 773,593 shares of the real estate investment trust's stock valued at $9,856,000 after acquiring an additional 145,500 shares in the last quarter. Institutional investors and hedge funds own 12.98% of the company's stock.
About John Hancock Premium Dividend Fund
(
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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.
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