John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.79 and traded as high as $12.88. John Hancock Premium Dividend Fund shares last traded at $12.86, with a volume of 76,959 shares.
John Hancock Premium Dividend Fund Stock Performance
The company has a 50 day simple moving average of $12.73 and a 200 day simple moving average of $12.79.
John Hancock Premium Dividend Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be paid a $0.0825 dividend. This represents a $0.99 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Monday, January 13th.
Institutional Trading of John Hancock Premium Dividend Fund
Several institutional investors have recently added to or reduced their stakes in PDT. Sound Income Strategies LLC boosted its holdings in shares of John Hancock Premium Dividend Fund by 112.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock worth $25,000 after buying an additional 1,017 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of John Hancock Premium Dividend Fund by 0.6% during the fourth quarter. Pathway Financial Advisers LLC now owns 222,209 shares of the real estate investment trust's stock worth $2,831,000 after purchasing an additional 1,428 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of John Hancock Premium Dividend Fund by 3.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 147,648 shares of the real estate investment trust's stock worth $1,881,000 after purchasing an additional 5,328 shares during the period. Calamos Advisors LLC raised its position in shares of John Hancock Premium Dividend Fund by 19.3% during the fourth quarter. Calamos Advisors LLC now owns 56,963 shares of the real estate investment trust's stock worth $726,000 after purchasing an additional 9,209 shares during the period. Finally, HighTower Advisors LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the third quarter worth approximately $212,000. 12.98% of the stock is currently owned by institutional investors.
John Hancock Premium Dividend Fund Company Profile
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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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