Shares of John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.22 and traded as high as $12.91. John Hancock Premium Dividend Fund shares last traded at $12.75, with a volume of 81,586 shares trading hands.
John Hancock Premium Dividend Fund Price Performance
The company has a 50-day moving average price of $13.20 and a 200-day moving average price of $12.22.
John Hancock Premium Dividend Fund Announces Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a $0.0825 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.76%.
Institutional Investors Weigh In On John Hancock Premium Dividend Fund
Several large investors have recently bought and sold shares of the company. Williams Jones Wealth Management LLC. acquired a new position in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at $127,000. Mercer Global Advisors Inc. ADV acquired a new position in John Hancock Premium Dividend Fund in the second quarter valued at about $164,000. J.W. Cole Advisors Inc. increased its holdings 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 worth $211,000 after acquiring an additional 1,221 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its position in shares of John Hancock Premium Dividend Fund by 42.0% during the first quarter. Mosaic Family Wealth Partners LLC now owns 39,144 shares of the real estate investment trust's stock worth $456,000 after purchasing an additional 11,586 shares during the period. Finally, Calamos Advisors LLC lifted its holdings in shares of John Hancock Premium Dividend Fund by 46.5% during the 2nd quarter. Calamos Advisors LLC now owns 40,932 shares of the real estate investment trust's stock valued at $482,000 after purchasing an additional 12,985 shares in the last quarter. Institutional investors own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.
While John Hancock Premium Dividend Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
