Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.02 and traded as high as $13.49. John Hancock Premium Dividend Fund shares last traded at $13.38, with a volume of 152,791 shares.
John Hancock Premium Dividend Fund Trading Up 0.1%
The firm's 50 day moving average price is $13.37 and its two-hundred day moving average price is $13.02.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be paid a dividend of $0.0825 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 7.4%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund during the first quarter worth about $42,000. Nomura Holdings Inc. acquired a new stake in shares of John Hancock Premium Dividend Fund during the second quarter worth about $132,000. Walled Lake Planning & Wealth Management LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the second quarter worth about $175,000. Wealth Enhancement Advisory Services LLC lifted its position in John Hancock Premium Dividend Fund by 11.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,903 shares of the real estate investment trust's stock valued at $177,000 after purchasing an additional 1,400 shares during the period. Finally, Landscape Capital Management L.L.C. lifted its position in John Hancock Premium Dividend Fund by 43.3% in 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 purchasing an additional 4,958 shares during the period. 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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