John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.73 and traded as high as $13.35. John Hancock Premium Dividend Fund shares last traded at $13.33, with a volume of 147,231 shares.
John Hancock Premium Dividend Fund Price Performance
The business has a 50 day simple moving average of $12.92 and a 200 day simple moving average of $12.75.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Friday, July 11th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at $42,000. Ameriflex Group Inc. acquired a new position in shares of John Hancock Premium Dividend Fund during the fourth quarter valued at $77,000. Landscape Capital Management L.L.C. acquired a new position in shares of John Hancock Premium Dividend Fund during the fourth quarter valued at $146,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of 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 acquiring an additional 1,400 shares during the period. Finally, Arlington Capital Management Inc. lifted its stake in shares of John Hancock Premium Dividend Fund by 15.2% during the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 1,906 shares during the period. 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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