John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.73 and traded as high as $12.75. John Hancock Premium Dividend Fund shares last traded at $12.68, with a volume of 100,813 shares.
John Hancock Premium Dividend Fund Trading Up 0.2%
The company has a fifty day moving average price of $12.57 and a 200 day moving average price of $12.72.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 12th will be issued a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend is Monday, May 12th.
Institutional Trading of John Hancock Premium Dividend Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its holdings in John Hancock Premium Dividend Fund by 112.3% in the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 1,017 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in John Hancock Premium Dividend Fund during the 1st quarter valued at about $42,000. Ameriflex Group Inc. purchased a new position in John Hancock Premium Dividend Fund during the 4th quarter valued at about $77,000. BankPlus Trust Department bought a new position in John Hancock Premium Dividend Fund during the 4th quarter valued at approximately $113,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in John Hancock Premium Dividend Fund in the 4th quarter worth approximately $146,000. 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.
Further Reading
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