John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 Stock Performance
The company's 50-day simple moving average is $12.89 and its 200 day simple moving average is $12.73.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a dividend of $0.0825 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $0.99 dividend on an annualized basis and a yield of 7.43%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new position in John Hancock Premium Dividend Fund in the first quarter valued at about $42,000. Ameriflex Group Inc. purchased a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $77,000. Landscape Capital Management L.L.C. purchased a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $146,000. Wealth Enhancement Advisory Services LLC grew 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 period. Finally, Arlington Capital Management Inc. increased its position in John Hancock Premium Dividend Fund by 15.2% in the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock worth $184,000 after buying an additional 1,906 shares during the last quarter. Hedge funds and other institutional investors own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Company Profile
(
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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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