TCG Advisors LP Buys New Stake in John Hancock Patriot Premium Div Fund II (NYSE:PDT)

TCG Advisors LP bought a new stake in shares of John Hancock Patriot Premium Div Fund II (NYSE:PDT) in the first quarter, HoldingsChannel reports. The institutional investor bought 3,067 shares of the real estate investment trust’s stock, valued at approximately $51,000.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of John Hancock Patriot Premium Div Fund II by 1.9% during the 4th quarter. Bank of America Corp DE now owns 183,764 shares of the real estate investment trust’s stock worth $2,547,000 after buying an additional 3,406 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of John Hancock Patriot Premium Div Fund II by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 139,224 shares of the real estate investment trust’s stock worth $2,317,000 after buying an additional 6,627 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of John Hancock Patriot Premium Div Fund II by 0.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 127,869 shares of the real estate investment trust’s stock worth $1,772,000 after buying an additional 1,012 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of John Hancock Patriot Premium Div Fund II by 5.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 108,900 shares of the real estate investment trust’s stock worth $1,509,000 after buying an additional 5,699 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of John Hancock Patriot Premium Div Fund II by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 95,435 shares of the real estate investment trust’s stock worth $1,323,000 after buying an additional 7,058 shares in the last quarter. Hedge funds and other institutional investors own 5.49% of the company’s stock.

Shares of John Hancock Patriot Premium Div Fund II stock traded down $0.10 during trading on Wednesday, reaching $16.73. 648 shares of the company’s stock were exchanged, compared to its average volume of 70,735. John Hancock Patriot Premium Div Fund II has a 1-year low of $12.98 and a 1-year high of $17.00.

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.0975 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.99%.

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John Hancock Patriot Premium Div Fund II Profile

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

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