John Hancock Premium Dividend Fund (NYSE:PDT) Shares Pass Above 200-Day Moving Average - Here's What Happened
John Hancock Premium Dividend Fund (NYSE:PDT) shares have surpassed their 200-day moving average of $13.14, trading at $13.11 with a volume of 74,270 shares. The fund announced a monthly dividend of $0.0825, payable on November 28th to shareholders of record on November 13th, yielding 7.6%. Several hedge funds have increased their stakes in the fund, which focuses on diversified sectors, particularly utilities. Despite a Hold rating from analysts, other stocks are recommended as better buys.
John Hancock Premium Dividend Fund Stock Up 0.3%
The business has a 50 day moving average price of $13.22 and a 200 day moving average price of $13.14.
John Hancock Premium Dividend Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be given a $0.0825 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date is Thursday, November 13th.
Institutional Trading of John Hancock Premium Dividend Fund
A number of hedge funds have recently added to or reduced their stakes in PDT. Pathway Financial Advisers LLC increased its holdings in John Hancock Premium Dividend Fund by 2.4% in the second quarter. Pathway Financial Advisers LLC now owns 226,179 shares of the real estate investment trust's stock valued at $2,979,000 after buying an additional 5,360 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of John Hancock Premium Dividend Fund by 366.7% during the 3rd quarter. Shaker Financial Services LLC now owns 98,453 shares of the real estate investment trust's stock valued at $1,313,000 after acquiring an additional 77,357 shares during the period. Readystate Asset Management LP increased its stake in shares of John Hancock Premium Dividend Fund by 178.2% in the 3rd quarter. Readystate Asset Management LP now owns 37,131 shares of the real estate investment trust's stock valued at $495,000 after purchasing an additional 23,784 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in John Hancock Premium Dividend Fund by 4.6% in the 3rd quarter. Cornerstone Advisors LLC now owns 242,462 shares of the real estate investment trust's stock worth $3,234,000 after purchasing an additional 10,700 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in John Hancock Premium Dividend Fund by 36.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 889 shares in the last quarter. 12.98% of the stock is owned by hedge funds and other institutional investors.
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.
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