Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.71 and traded as high as $12.83. John Hancock Premium Dividend Fund shares last traded at $12.67, with a volume of 90,377 shares trading hands.
John Hancock Premium Dividend Fund Stock Up 0.5%
The company has a 50 day moving average of $12.57 and a two-hundred day moving average of $12.70.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be paid a $0.0825 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.99 annualized dividend and a dividend yield of 7.73%.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Several institutional investors and hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. increased its stake in shares of 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. Walleye Capital LLC increased its stake in shares of John Hancock Premium Dividend Fund by 17.7% in the 1st quarter. Walleye Capital LLC now owns 49,412 shares of the real estate investment trust's stock valued at $646,000 after purchasing an additional 7,425 shares in the last quarter. Invesco Ltd. increased its stake in shares of 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 valued at $8,777,000 after purchasing an additional 42,234 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth approximately $708,000. Finally, Cornerstone Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth approximately $2,660,000. 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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