John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.52 and traded as high as $12.75. John Hancock Premium Dividend Fund shares last traded at $12.59, with a volume of 202,606 shares trading hands.
John Hancock Premium Dividend Fund Trading Down 0.1 %
The business has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $12.52.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be issued a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.87%. The ex-dividend date is Thursday, December 12th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in John Hancock Premium Dividend Fund in the 2nd quarter worth about $164,000. J.W. Cole Advisors Inc. boosted its stake in shares of John Hancock Premium Dividend Fund by 7.3% in the second quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust's stock valued at $211,000 after buying an additional 1,221 shares during the period. HighTower Advisors LLC acquired a new stake in John Hancock Premium Dividend Fund during the third quarter worth approximately $212,000. EP Wealth Advisors LLC bought a new position in John Hancock Premium Dividend Fund during the 3rd quarter worth $229,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in John Hancock Premium Dividend Fund in the 3rd quarter valued at $291,000. Institutional investors and hedge funds 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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