John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 12-Month High at $11.97

John Hancock Premium Dividend Fund (NYSE:PDT) shares hit a new 52-week high during trading on Thursday . The company traded as high as $11.97 and last traded at $11.94, with a volume of 64374 shares trading hands. The stock had previously closed at $11.78.

John Hancock Premium Dividend Fund Trading Up 1.3 %

The stock’s 50-day moving average is $11.59 and its 200 day moving average is $11.38.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be given a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a yield of 8.20%. The ex-dividend date is Thursday, July 11th.

Institutional Trading of John Hancock Premium Dividend Fund

Large investors have recently added to or reduced their stakes in the business. Williams Jones Wealth Management LLC. bought a new stake in John Hancock Premium Dividend Fund in the first quarter worth approximately $127,000. CTC Alternative Strategies Ltd. bought a new stake in John Hancock Premium Dividend Fund in the fourth quarter worth approximately $140,000. HB Wealth Management LLC bought a new stake in John Hancock Premium Dividend Fund in the first quarter worth approximately $149,000. J.W. Cole Advisors Inc. grew its position in John Hancock Premium Dividend Fund by 15.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 16,457 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 2,228 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in John Hancock Premium Dividend Fund in the fourth quarter worth approximately $212,000. 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.