John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) 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 $13.00. John Hancock Premium Dividend Fund shares last traded at $12.94, with a volume of 89,270 shares changing hands.
John Hancock Premium Dividend Fund Price Performance
The firm has a 50-day moving average of $12.69 and a 200-day moving average of $12.87.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a $0.0825 dividend. This represents a $0.99 annualized dividend and a dividend yield of 7.64%. The ex-dividend date of this dividend is Thursday, February 13th.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its holdings in John Hancock Premium Dividend Fund by 112.3% in the fourth quarter. Sound Income Strategies LLC now owns 1,923 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 1,017 shares during the last quarter. BankPlus Trust Department purchased a new stake in John Hancock Premium Dividend Fund in the fourth quarter valued at $113,000. Landscape Capital Management L.L.C. purchased a new stake in John Hancock Premium Dividend Fund in the fourth quarter valued at $146,000. Arlington Capital Management Inc. boosted its holdings in John Hancock Premium Dividend Fund by 15.2% in the fourth quarter. Arlington Capital Management Inc. now owns 14,426 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 1,906 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund in the third quarter valued at $212,000. 12.98% of the stock is owned by hedge funds and other institutional investors.
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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