John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.16 and traded as high as $13.30. John Hancock Premium Dividend Fund shares last traded at $13.23, with a volume of 79,594 shares traded.
John Hancock Premium Dividend Fund Stock Down 0.9 %
The stock's fifty day simple moving average is $13.19 and its two-hundred day simple moving average is $12.17.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be given a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend is Friday, October 11th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
A number of large investors have recently modified their holdings of PDT. HB Wealth Management LLC acquired a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth approximately $149,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of John Hancock Premium Dividend Fund in the first quarter worth $127,000. Axxcess Wealth Management LLC raised its stake in shares of John Hancock Premium Dividend Fund by 15.3% in the 1st quarter. Axxcess Wealth Management LLC now owns 436,326 shares of the real estate investment trust's stock valued at $5,083,000 after acquiring an additional 57,786 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at $671,000. Finally, Second Line Capital LLC boosted its position in John Hancock Premium Dividend Fund by 11.3% during the 1st quarter. Second Line Capital LLC now owns 41,561 shares of the real estate investment trust's stock worth $484,000 after purchasing an additional 4,207 shares during the period. 12.98% of the stock is currently 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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