John Hancock Premium Dividend Fund (NYSE:PDT) Sees Unusually-High Trading Volume

John Hancock Premium Dividend Fund (NYSE:PDT) shares saw strong trading volume on Wednesday . 43,244 shares changed hands during trading, a decline of 66% from the previous session’s volume of 125,713 shares.The stock last traded at $11.82 and had previously closed at $11.69.

John Hancock Premium Dividend Fund Trading Up 0.9 %

The stock’s 50 day moving average is $11.52 and its 200 day moving average is $11.26.

John Hancock Premium Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be issued a dividend of $0.0825 per share. This represents a $0.99 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date is Thursday, July 11th.

Institutional Trading of John Hancock Premium Dividend Fund

A number of large investors have recently added to or reduced their stakes in the business. Mosaic Family Wealth Partners LLC boosted its holdings in John Hancock Premium Dividend Fund by 42.0% during the first quarter. Mosaic Family Wealth Partners LLC now owns 39,144 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 11,586 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at $2,561,000. Second Line Capital LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 11.3% during the 1st quarter. Second Line Capital LLC now owns 41,561 shares of the real estate investment trust’s stock valued at $484,000 after purchasing an additional 4,207 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of John Hancock Premium Dividend Fund during the 1st quarter valued at $671,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of John Hancock Premium Dividend Fund by 15.3% during the 1st quarter. Axxcess Wealth Management LLC now owns 436,326 shares of the real estate investment trust’s stock valued at $5,083,000 after purchasing an additional 57,786 shares in the last quarter. 12.98% of the stock is currently owned by institutional investors.

John Hancock Premium Dividend Fund Company Profile

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.