John Hancock Patriot Premium Div Fund II (NYSE:PDT) Shares Up 22.6%

Shares of John Hancock Patriot Premium Div Fund II (NYSE:PDT) shot up 22.6% on Wednesday . The company traded as high as $9.00 and last traded at $10.95, 23,980 shares were traded during mid-day trading. A decline of 94% from the average session volume of 370,307 shares. The stock had previously closed at $8.93.

The business’s fifty day moving average is $15.32 and its two-hundred day moving average is $17.11.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a $0.0975 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Wednesday, March 11th.

Several hedge funds have recently bought and sold shares of PDT. Adams Wealth Management purchased a new position in shares of John Hancock Patriot Premium Div Fund II in the fourth quarter valued at $454,000. NorthRock Partners LLC bought a new stake in John Hancock Patriot Premium Div Fund II in the fourth quarter worth $452,000. J.W. Cole Advisors Inc. bought a new stake in John Hancock Patriot Premium Div Fund II in the fourth quarter worth $387,000. 20 20 Capital Management Inc. bought a new stake in John Hancock Patriot Premium Div Fund II in the fourth quarter worth $315,000. Finally, Janney Montgomery Scott LLC lifted its position in John Hancock Patriot Premium Div Fund II by 126.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,280 shares of the real estate investment trust’s stock worth $509,000 after buying an additional 15,779 shares during the last quarter. 5.91% of the stock is owned by hedge funds and other institutional investors.

John Hancock Patriot Premium Div Fund II Company Profile (NYSE:PDT)

John Hancock Premium Dividend Fund is a closed ended equity mutual fund launched and managed by John Hancock Advisers, 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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