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

John Hancock Premium Dividend Fund (NYSE:PDT) shares saw unusually-strong trading volume on Wednesday . Approximately 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 Stock Performance

The firm has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.25.

John Hancock Premium Dividend Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, July 11th will be given a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 8.41%. The ex-dividend date is Thursday, July 11th.

Hedge Funds Weigh In On John Hancock Premium Dividend Fund

Several hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. acquired a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter worth $239,000. Flow State Investments L.P. grew its holdings in shares of John Hancock Premium Dividend Fund by 327.3% in the 4th quarter. Flow State Investments L.P. now owns 65,164 shares of the real estate investment trust’s stock worth $694,000 after acquiring an additional 49,913 shares during the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter worth $745,000. Arlington Capital Management Inc. acquired a new position in shares of John Hancock Premium Dividend Fund in the 4th quarter worth $626,000. Finally, Axxcess Wealth Management LLC grew its holdings in shares of John Hancock Premium Dividend Fund by 270.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 378,540 shares of the real estate investment trust’s stock worth $4,031,000 after acquiring an additional 276,221 shares during the last quarter. 12.98% of the stock is currently owned by institutional investors and hedge funds.

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.