John Hancock Premium Dividend Fund (NYSE:PDT) Sees Large Volume Increase – Here’s What Happened

Shares of John Hancock Premium Dividend Fund (NYSE:PDT) saw unusually-strong trading volume on Tuesday . Approximately 36,758 shares were traded during mid-day trading, a decline of 51% from the previous session’s volume of 74,653 shares.The stock last traded at $12.68 and had previously closed at $12.75.

John Hancock Premium Dividend Fund Stock Down 0.2 %

The business has a 50 day simple moving average of $12.77 and a two-hundred day simple moving average of $12.67.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be given a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a yield of 7.78%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of institutional investors have recently modified their holdings of PDT. J.W. Cole Advisors Inc. boosted its stake in shares of John Hancock Premium Dividend Fund by 7.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 17,921 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,221 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in John Hancock Premium Dividend Fund by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 120,791 shares of the real estate investment trust’s stock valued at $1,423,000 after acquiring an additional 2,041 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of John Hancock Premium Dividend Fund by 5.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 56,845 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 3,101 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 1.9% during the 2nd quarter. Pathway Financial Advisers LLC now owns 223,925 shares of the real estate investment trust’s stock worth $2,637,000 after acquiring an additional 4,118 shares during the period. Finally, Second Line Capital LLC raised its position in shares of John Hancock Premium Dividend Fund by 11.6% in the 2nd quarter. Second Line Capital LLC now owns 46,377 shares of the real estate investment trust’s stock worth $546,000 after acquiring an additional 4,816 shares in the last quarter. 12.98% of the stock is currently owned by hedge funds and other institutional investors.

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.