John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 52-Week High – Here’s What Happened

John Hancock Premium Dividend Fund (NYSE:PDT) shares reached a new 52-week high on Wednesday . The stock traded as high as $13.55 and last traded at $13.52, with a volume of 36227 shares changing hands. The stock had previously closed at $13.42.

John Hancock Premium Dividend Fund Trading Up 0.4 %

The firm’s fifty day moving average price is $12.93 and its two-hundred day moving average price is $12.03.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Friday, October 11th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of large investors have recently modified their holdings of the company. Williams Jones Wealth Management LLC. acquired a new position in John Hancock Premium Dividend Fund during the 1st quarter valued at about $127,000. HB Wealth Management LLC purchased a new position in shares of John Hancock Premium Dividend Fund during the first quarter valued at approximately $149,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of John Hancock Premium Dividend Fund during the second quarter valued at approximately $164,000. J.W. Cole Advisors Inc. grew its holdings in John Hancock Premium Dividend Fund by 7.3% during the second 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 in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in John Hancock Premium Dividend Fund in the 4th quarter valued at $239,000. 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.