John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) saw an uptick in trading volume on Tuesday . 36,758 shares traded hands during 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 Performance
The business has a 50 day moving average of $12.77 and a 200 day moving average of $12.68.
John Hancock Premium Dividend Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Monday, January 13th.
Hedge Funds Weigh In On John Hancock Premium Dividend Fund
Several hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new stake in shares of John Hancock Premium Dividend Fund during the third quarter valued at $229,000. Jane Street Group LLC bought a new stake in John Hancock Premium Dividend Fund during the 3rd quarter valued at about $382,000. Safe Harbor Fiduciary LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter valued at about $291,000. HighTower Advisors LLC purchased a new stake in John Hancock Premium Dividend Fund in the 3rd quarter valued at about $212,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in John Hancock Premium Dividend Fund in the 3rd quarter worth about $332,000. 12.98% of the stock is currently owned by institutional investors.
About John Hancock Premium Dividend Fund
(
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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.
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