John Hancock Premium Dividend Fund (NYSE:PDT) Stock Passes Above 200 Day Moving Average of $15.10

John Hancock Premium Dividend Fund (NYSE:PDTGet Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.10 and traded as high as $15.34. John Hancock Premium Dividend Fund shares last traded at $15.13, with a volume of 42,762 shares trading hands.

John Hancock Premium Dividend Fund Trading Up 0.4 %

The firm’s 50 day moving average price is $14.91 and its two-hundred day moving average price is $15.10.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 12th will be given a dividend of $0.0975 per share. The ex-dividend date of this dividend is Friday, September 9th. This represents a $1.17 dividend on an annualized basis and a yield of 7.73%.

Insider Buying and Selling at John Hancock Premium Dividend Fund

In other John Hancock Premium Dividend Fund news, insider Steven R. Pruchansky sold 2,611 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $15.66, for a total transaction of $40,888.26. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at approximately $7,830. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC acquired a new stake in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at approximately $41,000. CWM LLC raised its position in John Hancock Premium Dividend Fund by 52.2% in the second quarter. CWM LLC now owns 4,508 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,546 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in John Hancock Premium Dividend Fund in the first quarter valued at $75,000. Captrust Financial Advisors purchased a new stake in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth $84,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth $123,000. Institutional investors and hedge funds own 5.50% of the company’s stock.

John Hancock Premium Dividend Fund Company Profile

(Get Rating)

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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