John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.71 and traded as high as $12.77. John Hancock Premium Dividend Fund shares last traded at $12.52, with a volume of 184,422 shares changing hands.
John Hancock Premium Dividend Fund Trading Down 2.0%
The firm's 50-day moving average price is $12.57 and its 200-day moving average price is $12.71.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.99 annualized dividend and a yield of 7.91%.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in John Hancock Premium Dividend Fund by 112.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 1,017 shares during the last quarter. First Horizon Advisors Inc. bought a new position in John Hancock Premium Dividend Fund during the 1st quarter valued at about $42,000. Ameriflex Group Inc. bought 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 about $113,000. Finally, Landscape Capital Management L.L.C. bought a new position in John Hancock Premium Dividend Fund during the 4th quarter valued at about $146,000. 12.98% of the stock is currently owned by institutional investors.
John Hancock Premium Dividend Fund Company Profile
(
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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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