John Hancock Premium Dividend Fund (NYSE:PDT) Hits New 12-Month Low – Here’s Why

John Hancock Premium Dividend Fund (NYSE:PDT) hit a new 52-week low during trading on Monday . The stock traded as low as $12.50 and last traded at $12.5150, with a volume of 34062 shares. The stock had previously closed at $12.60.

John Hancock Premium Dividend Fund Stock Down 0.6%

The business’s fifty day moving average price is $12.84 and its 200 day moving average price is $13.03.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a dividend of $0.0883 per share. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Thursday, August 13th.

Institutional Trading of John Hancock Premium Dividend Fund

Hedge funds have recently added to or reduced their stakes in the stock. SHP Wealth Management acquired a new stake in John Hancock Premium Dividend Fund in the fourth quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the third quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of John Hancock Premium Dividend Fund by 43.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,864 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 864 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of John Hancock Premium Dividend Fund by 36.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,328 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 889 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its stake in shares of John Hancock Premium Dividend Fund by 324.6% in the 4th quarter. Ameriflex Group Inc. now owns 4,246 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 3,246 shares during the last quarter. Institutional investors and hedge funds own 12.98% of the company’s stock.

About John Hancock Premium Dividend Fund

The John Hancock Premium Dividend Fund (NYSE:PDT) is a publicly traded, closed-end management investment company designed to deliver high current income and potential capital growth. The fund’s core strategy centers on dividend-paying and income-producing securities, combining equity and fixed-income instruments to achieve a balanced risk-return profile.

Managed by John Hancock Investment Management (US) LLC, a subsidiary of Manulife Financial Corporation, the fund primarily allocates assets to dividend-paying common stocks and preferred stocks of U.S.