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 $12.86 and traded as high as $13.50. John Hancock Premium Dividend Fund shares last traded at $13.44, with a volume of 193,043 shares changing hands.
John Hancock Premium Dividend Fund Stock Down 0.1%
The stock's 50 day moving average price is $13.20 and its 200-day moving average price is $12.87.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 11th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its stake 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 valued at $177,000 after purchasing an additional 1,400 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of John Hancock Premium Dividend Fund by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,749 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 1,614 shares in the last quarter. Cetera Investment Advisers boosted its position in John Hancock Premium Dividend Fund by 3.5% during the 1st quarter. Cetera Investment Advisers now owns 50,578 shares of the real estate investment trust's stock valued at $662,000 after buying an additional 1,713 shares during the period. Bank of America Corp DE boosted its position in John Hancock Premium Dividend Fund by 7.3% during the 4th quarter. Bank of America Corp DE now owns 42,512 shares of the real estate investment trust's stock valued at $542,000 after buying an additional 2,903 shares during the period. Finally, Second Line Capital LLC boosted its position in John Hancock Premium Dividend Fund by 6.5% during the 4th quarter. Second Line Capital LLC now owns 49,618 shares of the real estate investment trust's stock valued at $632,000 after buying an additional 3,026 shares during the period. Hedge funds and other institutional investors 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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