John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.89 and traded as high as $12.95. John Hancock Premium Dividend Fund shares last traded at $12.89, with a volume of 122,395 shares.
John Hancock Premium Dividend Fund Stock Performance
The company has a fifty day moving average of $12.69 and a two-hundred day moving average of $12.89.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.0825 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.65%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of John Hancock Premium Dividend Fund by 1,225.2% during the 3rd quarter. International Assets Investment Management LLC now owns 550,563 shares of the real estate investment trust's stock valued at $7,278,000 after purchasing an additional 509,016 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at about $332,000. HighTower Advisors LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at about $212,000. Safe Harbor Fiduciary LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at about $291,000. Finally, Jane Street Group LLC bought a new stake in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at about $382,000. Institutional investors own 12.98% of the company's stock.
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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