John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 52-Week High at $11.94

John Hancock Premium Dividend Fund (NYSE:PDT) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.94 and last traded at $11.93, with a volume of 38027 shares. The stock had previously closed at $11.82.

John Hancock Premium Dividend Fund Price Performance

The stock’s 50-day moving average is $11.56 and its 200 day moving average is $11.30.

John Hancock Premium Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be paid a $0.0825 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 8.37%.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Williams Jones Wealth Management LLC. purchased a new stake in shares of John Hancock Premium Dividend Fund in the first quarter valued at about $127,000. CTC Alternative Strategies Ltd. acquired a new position in shares of John Hancock Premium Dividend Fund during the 4th quarter worth approximately $140,000. HB Wealth Management LLC purchased a new stake in John Hancock Premium Dividend Fund in the 1st quarter valued at approximately $149,000. J.W. Cole Advisors Inc. increased its position in John Hancock Premium Dividend Fund by 15.7% during 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 buying an additional 2,228 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in John Hancock Premium Dividend Fund during the fourth quarter worth $212,000. Hedge funds and other 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.