John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 1-Year High at $12.95

John Hancock Premium Dividend Fund (NYSE:PDT) reached a new 52-week high during trading on Monday . The company traded as high as $12.95 and last traded at $12.87, with a volume of 54908 shares changing hands. The stock had previously closed at $12.86.

John Hancock Premium Dividend Fund Trading Up 0.9 %

The business’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $11.64.

John Hancock Premium Dividend Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 12th will be paid a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend is Monday, August 12th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of PDT. Williams Jones Wealth Management LLC. purchased a new stake in John Hancock Premium Dividend Fund in the first quarter valued at about $127,000. HB Wealth Management LLC purchased a new stake in John Hancock Premium Dividend Fund during the first quarter worth $149,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of John Hancock Premium Dividend Fund during the second quarter worth approximately $164,000. J.W. Cole Advisors Inc. lifted its holdings in John Hancock Premium Dividend Fund by 7.3% in 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 purchasing an additional 1,221 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth $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.