Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.91 and traded as high as $12.97. John Hancock Premium Dividend Fund shares last traded at $12.85, with a volume of 133,278 shares trading hands.
John Hancock Premium Dividend Fund Stock Performance
The business's 50-day moving average is $12.79 and its 200 day moving average is $12.93.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0825 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.99 annualized dividend and a dividend yield of 7.73%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Several institutional investors have recently made changes to their positions in the stock. Axxcess Wealth Management LLC raised its holdings in John Hancock Premium Dividend Fund by 5.4% in the 4th quarter. Axxcess Wealth Management LLC now owns 472,568 shares of the real estate investment trust's stock valued at $6,021,000 after acquiring an additional 24,350 shares in the last quarter. BankPlus Trust Department bought a new position in shares of John Hancock Premium Dividend Fund in the fourth quarter worth $113,000. Pathway Financial Advisers LLC increased its position in shares of John Hancock Premium Dividend Fund by 0.6% in 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. Sovran Advisors LLC acquired a new position in John Hancock Premium Dividend Fund in the fourth quarter valued at about $1,062,000. Finally, Stratos Wealth Partners LTD. lifted its position in 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. 12.98% of the stock is currently owned by 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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