John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.90 and traded as high as $13.36. John Hancock Premium Dividend Fund shares last traded at $13.30, with a volume of 212,457 shares changing hands.
John Hancock Premium Dividend Fund Trading Down 0.0%
The stock's fifty day moving average price is $13.27 and its 200 day moving average price is $12.92.
John Hancock Premium Dividend Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.0825 per share. The ex-dividend date is Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 2.4% during 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 during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund during the second quarter valued at approximately $368,000. Nomura Holdings Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund during the second quarter valued at approximately $132,000. Raymond James Financial Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 9.3% during the second quarter. Raymond James Financial Inc. now owns 28,567 shares of the real estate investment trust's stock valued at $376,000 after buying an additional 2,425 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of John Hancock Premium Dividend Fund by 2.4% during the second quarter. Invesco Ltd. now owns 687,451 shares of the real estate investment trust's stock valued at $9,054,000 after buying an additional 16,425 shares during the last quarter. Hedge funds and other institutional investors 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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