John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.70 and traded as high as $13.00. John Hancock Premium Dividend Fund shares last traded at $13.00, with a volume of 287,377 shares trading hands.
John Hancock Premium Dividend Fund Price Performance
The company has a 50 day moving average price of $12.57 and a 200 day moving average price of $12.71.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were paid a dividend of $0.0825 per share. The ex-dividend date was Monday, May 12th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.51%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. lifted its holdings in John Hancock Premium Dividend Fund by 23.2% during the fourth quarter. Cohen & Steers Inc. now owns 773,593 shares of the real estate investment trust's stock worth $9,856,000 after acquiring an additional 145,500 shares in the last quarter. LPL Financial LLC raised its holdings in John Hancock Premium Dividend Fund by 71.1% during the fourth quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock worth $5,122,000 after acquiring an additional 167,125 shares in the last quarter. Raymond James Financial Inc. acquired a new position in John Hancock Premium Dividend Fund during the fourth quarter worth approximately $425,000. Landscape Capital Management L.L.C. acquired a new position in John Hancock Premium Dividend Fund during the fourth quarter worth approximately $146,000. Finally, Ausdal Financial Partners Inc. increased 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 buying an additional 983 shares during the last quarter. 12.98% of the stock is currently owned by 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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