Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.76 and traded as high as $12.90. John Hancock Premium Dividend Fund shares last traded at $12.81, with a volume of 74,353 shares changing hands.
John Hancock Premium Dividend Fund Stock Down 0.3 %
The firm's 50-day moving average is $12.73 and its 200 day moving average is $12.76.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.99 annualized dividend and a dividend yield of 7.73%.
Institutional Trading of John Hancock Premium Dividend Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDT. Sound Income Strategies LLC boosted its stake 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 purchasing an additional 1,017 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in John Hancock Premium Dividend Fund during the second quarter worth approximately $164,000. HighTower Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter worth approximately $212,000. EP Wealth Advisors LLC acquired a new position in John Hancock Premium Dividend Fund in the 3rd quarter valued at $229,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of John Hancock Premium Dividend Fund during the 3rd quarter worth $291,000. Hedge funds and other 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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