John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.80 and traded as high as $13.25. John Hancock Premium Dividend Fund shares last traded at $13.11, with a volume of 128,542 shares traded.
John Hancock Premium Dividend Fund Trading Down 0.5%
The stock's fifty day moving average is $13.02 and its two-hundred day moving average is $12.80.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be issued a $0.0825 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.99 annualized dividend and a dividend yield of 7.55%.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Several institutional investors and hedge funds have recently modified their holdings of PDT. Ausdal Financial Partners Inc. lifted its position in John Hancock Premium Dividend Fund by 1.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 57,932 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 983 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position 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 worth $177,000 after purchasing an additional 1,400 shares during the period. Janney Montgomery Scott LLC lifted its position in John Hancock Premium Dividend Fund by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 19,749 shares of the real estate investment trust's stock worth $258,000 after purchasing an additional 1,614 shares during the period. Cetera Investment Advisers lifted its position in John Hancock Premium Dividend Fund by 3.5% during the first quarter. Cetera Investment Advisers now owns 50,578 shares of the real estate investment trust's stock worth $662,000 after purchasing an additional 1,713 shares during the period. Finally, Arlington Capital Management Inc. lifted its position in 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 worth $184,000 after purchasing an additional 1,906 shares during the period. 12.98% of the stock is currently owned by institutional investors and hedge funds.
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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