John Hancock Premium Dividend Fund (NYSE:PDT) Reaches New 52-Week High at $12.41

John Hancock Premium Dividend Fund (NYSE:PDT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $12.41 and last traded at $12.37, with a volume of 22252 shares traded. The stock had previously closed at $12.29.

John Hancock Premium Dividend Fund Trading Down 0.3 %

The business’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $11.41.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be given a $0.0825 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.99 annualized dividend and a dividend yield of 8.08%.

Institutional Trading of John Hancock Premium Dividend Fund

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 923.9% during the fourth quarter. International Assets Investment Management LLC now owns 496,426 shares of the real estate investment trust’s stock worth $5,287,000 after acquiring an additional 447,941 shares during the period. 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 purchasing an additional 57,786 shares during the period. Pathway Financial Advisers LLC bought a new stake in shares of John Hancock Premium Dividend Fund in the first quarter valued at about $2,561,000. Stratos Wealth Partners LTD. raised its position in John Hancock Premium Dividend Fund by 2.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 124,146 shares of the real estate investment trust’s stock valued at $1,322,000 after buying an additional 2,726 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in John Hancock Premium Dividend Fund by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock valued at $1,423,000 after acquiring an additional 2,041 shares in the last quarter. 12.98% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Premium Dividend Fund Company Profile

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.