John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.72 and traded as high as $13.13. John Hancock Premium Dividend Fund shares last traded at $13.09, with a volume of 103,603 shares traded.
John Hancock Premium Dividend Fund Stock Down 0.2%
The firm's 50-day moving average price is $12.79 and its two-hundred day moving average price is $12.72.
John Hancock Premium Dividend Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a yield of 7.56%. The ex-dividend date is Thursday, June 12th.
Institutional Trading of John Hancock Premium Dividend Fund
A number of hedge funds have recently modified their holdings of PDT. Landscape Capital Management L.L.C. grew its holdings in shares of John Hancock Premium Dividend Fund by 43.3% during the first quarter. Landscape Capital Management L.L.C. now owns 16,406 shares of the real estate investment trust's stock valued at $215,000 after buying an additional 4,958 shares in the last quarter. Walleye Capital LLC boosted its position in John Hancock Premium Dividend Fund by 17.7% during the 1st quarter. Walleye Capital LLC now owns 49,412 shares of the real estate investment trust's stock worth $646,000 after acquiring an additional 7,425 shares during the period. Invesco Ltd. grew its stake in John Hancock Premium Dividend Fund by 6.7% during the 1st quarter. Invesco Ltd. now owns 671,026 shares of the real estate investment trust's stock valued at $8,777,000 after acquiring an additional 42,234 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at about $708,000. Finally, Cornerstone Advisors LLC acquired a new position in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at about $2,660,000. Hedge funds and other institutional investors own 12.98% of the company's stock.
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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