John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.55 and last traded at $13.52, with a volume of 36227 shares changing hands. The stock had previously closed at $13.42.
John Hancock Premium Dividend Fund Price Performance
The company has a 50-day moving average price of $12.95 and a two-hundred day moving average price of $12.04.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a $0.0825 dividend. This represents a $0.99 annualized dividend and a yield of 7.34%. The ex-dividend date is Friday, October 11th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Hedge funds have recently made changes to their positions in the business. Axxcess Wealth Management LLC raised its holdings in John Hancock Premium Dividend Fund by 11.0% in the second quarter. Axxcess Wealth Management LLC now owns 484,495 shares of the real estate investment trust's stock worth $5,707,000 after purchasing an additional 48,169 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of John Hancock Premium Dividend Fund by 1.9% during 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 purchasing an additional 4,118 shares in the last quarter. Shaker Financial Services LLC increased its stake in shares of John Hancock Premium Dividend Fund by 81.8% during 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 purchasing an additional 95,639 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of 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 valued at $1,423,000 after purchasing an additional 2,041 shares during the last quarter. Finally, Flow State Investments L.P. boosted its position in shares of John Hancock Premium Dividend Fund by 327.3% in the 4th quarter. Flow State Investments L.P. now owns 65,164 shares of the real estate investment trust's stock worth $694,000 after purchasing an additional 49,913 shares in the last quarter. 12.98% of the stock is owned by hedge funds and other institutional investors.
About John Hancock Premium Dividend Fund
(
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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.
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