John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares passed 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 trading hands.
John Hancock Premium Dividend Fund Trading Up 1.0%
The stock's 50-day simple moving average is $13.02 and its two-hundred day simple moving average is $12.80.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 7.44%. The ex-dividend date is Friday, July 11th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund in the first quarter worth approximately $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 raised its holdings in John Hancock Premium Dividend Fund by 11.2% in 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 buying an additional 1,400 shares during the period. Finally, Arlington Capital Management Inc. raised its holdings 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 valued at $184,000 after buying an additional 1,906 shares during the period. 12.98% of the stock is currently owned by hedge funds and other institutional investors.
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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