John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 12-Month High at $13.55

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) reached a new 52-week high on Wednesday . The company traded as high as $13.55 and last traded at $13.53, with a volume of 33942 shares. The stock had previously closed at $13.43.

John Hancock Premium Dividend Fund Stock Down 0.7 %

The business has a 50 day moving average of $12.70 and a two-hundred day moving average of $11.93.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders 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 7.44%.

Institutional Trading of John Hancock Premium Dividend Fund

Several institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in John Hancock Premium Dividend Fund by 1.9% in the 2nd 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 in the last quarter. Second Line Capital LLC raised its position in shares of John Hancock Premium Dividend Fund by 11.6% in the second quarter. Second Line Capital LLC now owns 46,377 shares of the real estate investment trust’s stock valued at $546,000 after buying an additional 4,816 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of John Hancock Premium Dividend Fund in the second quarter valued at approximately $164,000. Axxcess Wealth Management LLC grew its position in John Hancock Premium Dividend Fund by 11.0% during the second quarter. Axxcess Wealth Management LLC now owns 484,495 shares of the real estate investment trust’s stock worth $5,707,000 after buying an additional 48,169 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in 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 acquiring an additional 1,221 shares during the period. 12.98% of the stock is currently owned by institutional investors.

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.