John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.05 and traded as high as $13.15. John Hancock Premium Dividend Fund shares last traded at $13.12, with a volume of 97,055 shares traded.
John Hancock Premium Dividend Fund Stock Performance
The firm's 50 day moving average is $13.31 and its 200-day moving average is $13.05.
John Hancock Premium Dividend Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be issued a $0.0825 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Tuesday, October 14th.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at approximately $42,000. Nomura Holdings Inc. purchased a new position in John Hancock Premium Dividend Fund during the 2nd quarter worth $132,000. Walled Lake Planning & Wealth Management LLC acquired a new stake in shares of John Hancock Premium Dividend Fund in the 2nd quarter worth $175,000. Landscape Capital Management L.L.C. boosted its holdings in John Hancock Premium Dividend Fund by 43.3% in the 1st quarter. Landscape Capital Management L.L.C. now owns 16,406 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 4,958 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in John Hancock Premium Dividend Fund by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,749 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 1,614 shares in the last quarter. 12.98% of the stock is currently owned by institutional investors and hedge funds.
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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