John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 1-Year High at $13.37

John Hancock Premium Dividend Fund (NYSE:PDT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.37 and last traded at $13.36, with a volume of 4876 shares changing hands. The stock had previously closed at $13.30.

John Hancock Premium Dividend Fund Stock Up 0.5 %

The business has a fifty day moving average price of $12.40 and a 200 day moving average price of $11.83.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.0825 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.99 annualized dividend and a yield of 7.40%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several large investors have recently modified their holdings of PDT. J.W. Cole Advisors Inc. boosted its holdings in shares of John Hancock Premium Dividend Fund by 7.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,221 shares during the period. Commonwealth Equity Services LLC grew its position in shares of John Hancock Premium Dividend Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock valued at $1,423,000 after purchasing an additional 2,041 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in shares of John Hancock Premium Dividend Fund by 5.8% in the second quarter. Ausdal Financial Partners Inc. now owns 56,845 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 3,101 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of John Hancock Premium Dividend Fund by 1.9% during the second quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock worth $2,637,000 after purchasing an additional 4,118 shares during the period. Finally, Second Line Capital LLC lifted its holdings 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 last quarter. 12.98% of the stock is owned by institutional investors.

About John Hancock Premium Dividend Fund

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.