John Hancock Premium Dividend Fund (NYSE:PDT) Sets New 52-Week High at $11.97

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

John Hancock Premium Dividend Fund Stock Up 1.0 %

The company has a fifty day simple moving average of $11.58 and a two-hundred day simple moving average of $11.37.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 11th will be paid a $0.0825 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.99 annualized dividend and a dividend yield of 8.32%.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Williams Jones Wealth Management LLC. bought a new position in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at $127,000. CTC Alternative Strategies Ltd. bought a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth $140,000. HB Wealth Management LLC bought a new stake in John Hancock Premium Dividend Fund during the 1st quarter worth $149,000. J.W. Cole Advisors Inc. grew its position in John Hancock Premium Dividend Fund by 15.7% during the 4th 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 during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in John Hancock Premium Dividend Fund during the 4th quarter worth $212,000. Institutional investors own 12.98% of the company’s stock.

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.