John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock price 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 Stock Up 0.6%
The stock has a fifty day moving average price of $13.24 and a 200-day moving average price of $12.91.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 11th will be paid a $0.0825 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Monday, August 11th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
A number of large investors have recently made changes to their positions in the business. Cornerstone Advisors LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the first quarter worth approximately $2,660,000. Wolverine Asset Management LLC purchased a new stake in John Hancock Premium Dividend Fund in the 1st quarter worth approximately $708,000. Invesco Ltd. lifted its position in John Hancock Premium Dividend Fund by 6.7% in the 1st quarter. Invesco Ltd. now owns 671,026 shares of the real estate investment trust's stock worth $8,777,000 after buying an additional 42,234 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at $425,000. Finally, Brookwood Investment Group LLC purchased a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at $392,000. 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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