John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.93 and traded as high as $13.45. John Hancock Premium Dividend Fund shares last traded at $13.40, with a volume of 90,720 shares changing hands.
John Hancock Premium Dividend Fund Stock Down 0.1%
The company's fifty day simple moving average is $13.32 and its two-hundred day simple moving average is $12.94.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be issued a $0.0825 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Friday, September 12th.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Cornerstone Advisors LLC bought a new position in shares of John Hancock Premium Dividend Fund during the first quarter worth approximately $2,660,000. Wolverine Asset Management LLC bought a new position in John Hancock Premium Dividend Fund in the first quarter valued at approximately $708,000. Invesco Ltd. increased its stake in John Hancock Premium Dividend Fund by 6.7% in the first 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 during the last quarter. Raymond James Financial Inc. bought a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $425,000. Finally, Brookwood Investment Group LLC bought a new position in John Hancock Premium Dividend Fund in the first quarter valued at approximately $392,000. 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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