John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock 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 trading hands.
John Hancock Premium Dividend Fund Stock Up 0.3%
The company's 50 day moving average price is $12.83 and its 200 day moving average price is $12.72.
John Hancock Premium Dividend Fund Announces Dividend
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 paid a dividend of $0.0825 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $0.99 annualized dividend and a yield of 7.54%.
Institutional Trading of John Hancock Premium Dividend Fund
Several hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth approximately $425,000. Aptus Capital Advisors LLC boosted its stake in John Hancock Premium Dividend Fund by 8.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 50,618 shares of the real estate investment trust's stock worth $645,000 after purchasing an additional 4,026 shares in the last quarter. Invesco Ltd. grew its holdings in shares of John Hancock Premium Dividend Fund by 31.6% during the fourth quarter. Invesco Ltd. now owns 628,792 shares of the real estate investment trust's stock worth $8,011,000 after purchasing an additional 150,909 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of John Hancock Premium Dividend Fund by 484.0% during the fourth quarter. Wells Fargo & Company MN now owns 271,560 shares of the real estate investment trust's stock worth $3,460,000 after purchasing an additional 225,060 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of John Hancock Premium Dividend Fund in the fourth quarter valued at $535,000. Institutional investors and hedge funds 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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