John Hancock Patriot Premium Div Fund II (PDT) Holdings Trimmed by IFP Advisors Inc

IFP Advisors Inc lessened its stake in shares of John Hancock Patriot Premium Div Fund II (NYSE:PDT) by 44.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,576 shares of the real estate investment trust’s stock after selling 5,220 shares during the quarter. IFP Advisors Inc’s holdings in John Hancock Patriot Premium Div Fund II were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PDT. Raymond James & Associates increased its stake in shares of John Hancock Patriot Premium Div Fund II by 24.3% during the second quarter. Raymond James & Associates now owns 17,533 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 3,428 shares during the period. MML Investors Services LLC increased its stake in shares of John Hancock Patriot Premium Div Fund II by 16.8% during the third quarter. MML Investors Services LLC now owns 31,280 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 4,505 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Patriot Premium Div Fund II by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 126,857 shares of the real estate investment trust’s stock valued at $2,058,000 after buying an additional 3,707 shares during the period. Finally, LPL Financial LLC increased its stake in shares of John Hancock Patriot Premium Div Fund II by 4.3% during the third quarter. LPL Financial LLC now owns 252,147 shares of the real estate investment trust’s stock valued at $4,092,000 after buying an additional 10,413 shares during the period. Hedge funds and other institutional investors own 5.43% of the company’s stock.

PDT opened at $16.01 on Monday. John Hancock Patriot Premium Div Fund II has a 52-week low of $12.98 and a 52-week high of $16.88.



The firm also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Monday, February 11th will be paid a dividend of $0.0975 per share. The ex-dividend date is Friday, February 8th. This represents a $1.17 annualized dividend and a dividend yield of 7.31%.

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About John Hancock Patriot Premium Div Fund II

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.

Further Reading: Trading Options- What is a Strangle?

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Institutional Ownership by Quarter for John Hancock Patriot Premium Div Fund II (NYSE:PDT)

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