John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.78 and traded as high as $13.39. John Hancock Premium Dividend Fund shares last traded at $13.29, with a volume of 145,100 shares trading hands.
John Hancock Premium Dividend Fund Stock Performance
The business has a 50 day moving average price of $12.98 and a 200 day moving average price of $12.79.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be issued a $0.0825 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.53%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of institutional investors and hedge funds have recently bought and sold shares of PDT. Cohen & Steers Inc. lifted its holdings in shares of John Hancock Premium Dividend Fund by 23.2% in the 4th quarter. Cohen & Steers Inc. now owns 773,593 shares of the real estate investment trust's stock worth $9,856,000 after buying an additional 145,500 shares during the period. Invesco Ltd. lifted its holdings 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 worth $8,777,000 after buying an additional 42,234 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of John Hancock Premium Dividend Fund by 9.0% in the 4th quarter. Guggenheim Capital LLC now owns 632,437 shares of the real estate investment trust's stock worth $8,057,000 after buying 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% in 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 buying an additional 16,005 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of John Hancock Premium Dividend Fund by 71.1% in the 4th quarter. LPL Financial LLC now owns 402,034 shares of the real estate investment trust's stock worth $5,122,000 after buying an additional 167,125 shares during the period. 12.98% of the stock is 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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