John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.97 and traded as high as $13.42. John Hancock Premium Dividend Fund shares last traded at $13.34, with a volume of 78,699 shares.
John Hancock Premium Dividend Fund Stock Performance
The company's 50 day simple moving average is $13.34 and its 200-day simple moving average is $12.98.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be issued a $0.0825 dividend. The ex-dividend date is Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 7.4%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund in the first quarter valued at approximately $42,000. Ameriflex Group Inc. acquired a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $77,000. Nomura Holdings Inc. acquired a new position in shares of John Hancock Premium Dividend Fund in the second quarter valued at approximately $132,000. Walled Lake Planning & Wealth Management LLC purchased a new stake in John Hancock Premium Dividend Fund during the second quarter worth about $175,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 11.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust's stock worth $177,000 after acquiring an additional 1,400 shares during the period. 12.98% of the stock is owned by institutional investors and hedge funds.
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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