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 changing hands.
John Hancock Premium Dividend Fund Stock Up 0.5%
The firm has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $12.72.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.99 dividend on an annualized basis and a yield of 7.63%.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new stake in shares of John Hancock Premium Dividend Fund during the first quarter worth $42,000. Ameriflex Group Inc. bought a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth about $77,000. BankPlus Trust Department acquired a new position in shares of John Hancock Premium Dividend Fund during the fourth quarter worth approximately $113,000. Landscape Capital Management L.L.C. bought a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter valued at approximately $146,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in John Hancock Premium Dividend Fund by 11.2% in 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 last quarter. 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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