John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.72 and traded as high as $13.15. John Hancock Premium Dividend Fund shares last traded at $13.01, with a volume of 175,945 shares trading hands.
John Hancock Premium Dividend Fund Price Performance
The company's 50 day moving average is $12.73 and its two-hundred day moving average is $12.72.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a $0.0825 dividend. The ex-dividend date is Thursday, June 12th. This represents a $0.99 annualized dividend and a yield of 7.62%.
Institutional Trading of John Hancock Premium Dividend Fund
Several institutional investors have recently modified their holdings of the company. Cohen & Steers Inc. lifted its position in John Hancock Premium Dividend Fund by 23.2% in the fourth quarter. Cohen & Steers Inc. now owns 773,593 shares of the real estate investment trust's stock worth $9,856,000 after purchasing an additional 145,500 shares during the period. Invesco Ltd. raised its stake in shares of John Hancock Premium Dividend Fund by 6.7% in the 1st quarter. Invesco Ltd. now owns 671,026 shares of the real estate investment trust's stock valued at $8,777,000 after buying an additional 42,234 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of John Hancock Premium Dividend Fund by 9.0% during the 4th quarter. Guggenheim Capital LLC now owns 632,437 shares of the real estate investment trust's stock worth $8,057,000 after acquiring an additional 52,065 shares during the period. Axxcess Wealth Management LLC lifted its holdings in shares of John Hancock Premium Dividend Fund by 3.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 488,573 shares of the real estate investment trust's stock worth $6,391,000 after acquiring an additional 16,005 shares during the period. Finally, LPL Financial LLC boosted its position in shares of John Hancock Premium Dividend Fund by 71.1% during the 4th quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock valued at $5,122,000 after acquiring an additional 167,125 shares in the last quarter. Institutional investors and hedge funds 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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