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

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

John Hancock Premium Dividend Fund Stock Performance

The business has a 50-day moving average price of $12.44 and a two-hundred day moving average price of $11.84.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, September 13th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Axxcess Wealth Management LLC lifted its stake in shares of John Hancock Premium Dividend Fund by 11.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 484,495 shares of the real estate investment trust’s stock valued at $5,707,000 after purchasing an additional 48,169 shares during the period. Pathway Financial Advisers LLC lifted its stake in John Hancock Premium Dividend Fund by 1.9% in the second quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock valued at $2,637,000 after buying an additional 4,118 shares during the period. Shaker Financial Services LLC lifted its stake in John Hancock Premium Dividend Fund by 81.8% in the second quarter. Shaker Financial Services LLC now owns 212,585 shares of the real estate investment trust’s stock valued at $2,504,000 after buying an additional 95,639 shares during the period. Commonwealth Equity Services LLC boosted its holdings in John Hancock Premium Dividend Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock worth $1,423,000 after buying an additional 2,041 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter worth about $745,000. 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.