John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
John Hancock Premium Dividend Fund Price Performance
The company's fifty day simple moving average is $12.58 and its 200 day simple moving average is $12.71.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be given a $0.0825 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend is Thursday, June 12th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. lifted 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 worth $215,000 after purchasing an additional 4,958 shares during the period. Walleye Capital LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 17.7% in the first 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. grew its holdings in shares of John Hancock Premium Dividend Fund by 6.7% in the first 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 position in shares of John Hancock Premium Dividend Fund in the first quarter valued at $708,000. Finally, Cornerstone Advisors LLC purchased a new position in John Hancock Premium Dividend Fund during the first quarter worth $2,660,000. Institutional investors own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.
While John Hancock Premium Dividend Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
