John Hancock Premium Dividend Fund (NYSE:PDT) Sees Strong Trading Volume – Time to Buy?

John Hancock Premium Dividend Fund (NYSE:PDT) shares saw an uptick in trading volume on Tuesday . 36,758 shares changed hands 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 Up 0.3 %

The firm has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $12.68.

John Hancock Premium Dividend Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a $0.0825 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.99 dividend on an annualized basis and a yield of 7.78%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new position in John Hancock Premium Dividend Fund during the second quarter valued at approximately $164,000. J.W. Cole Advisors Inc. raised its stake in shares of John Hancock Premium Dividend Fund by 7.3% in 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 acquiring an additional 1,221 shares during the period. HighTower Advisors LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at $212,000. EP Wealth Advisors LLC acquired a new position in shares of John Hancock Premium Dividend Fund during the 3rd quarter valued at $229,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in John Hancock Premium Dividend Fund during the 3rd quarter worth $291,000. 12.98% of the stock is 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.