John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.88 and traded as high as $13.45. John Hancock Premium Dividend Fund shares last traded at $13.37, with a volume of 80,953 shares traded.
John Hancock Premium Dividend Fund Stock Down 0.1%
The firm's fifty day moving average is $13.22 and its 200 day moving average is $12.89.
John Hancock Premium Dividend Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 11th will be issued a $0.0825 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, August 11th.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter worth about $42,000. Ameriflex Group Inc. bought a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter worth about $77,000. Walled Lake Planning & Wealth Management LLC bought a new position in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth about $175,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of John Hancock Premium Dividend Fund by 11.2% during the 4th 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. Finally, Landscape Capital Management L.L.C. increased its holdings in shares of John Hancock Premium Dividend Fund by 43.3% during the 1st quarter. Landscape Capital Management L.L.C. now owns 16,406 shares of the real estate investment trust's stock worth $215,000 after purchasing an additional 4,958 shares during the period. 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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