John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 1-Year High at $13.55

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.55 and last traded at $13.52, with a volume of 9004 shares traded. The stock had previously closed at $13.54.

John Hancock Premium Dividend Fund Stock Performance

The company has a 50 day moving average price of $12.79 and a two-hundred day moving average price of $11.97.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend was Friday, September 13th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Williams Jones Wealth Management LLC. purchased a new stake in John Hancock Premium Dividend Fund in the 1st quarter valued at $127,000. HB Wealth Management LLC purchased a new position in John Hancock Premium Dividend Fund during the first quarter worth about $149,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of John Hancock Premium Dividend Fund during the 2nd quarter worth approximately $164,000. J.W. Cole Advisors Inc. raised its position 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 valued at $211,000 after buying an additional 1,221 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of John Hancock Premium Dividend Fund during the 4th quarter valued at approximately $239,000. 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.