John Hancock Premium Dividend Fund (NYSE:PDT - Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 26,700 shares, a decline of 21.7% from the April 15th total of 34,100 shares. Based on an average trading volume of 130,600 shares, the days-to-cover ratio is presently 0.2 days.
John Hancock Premium Dividend Fund Stock Down 0.2 %
NYSE:PDT traded down $0.03 during mid-day trading on Friday, reaching $11.59. 77,128 shares of the company's stock traded hands, compared to its average volume of 101,270. John Hancock Premium Dividend Fund has a 12-month low of $8.77 and a 12-month high of $11.94. The company has a 50 day moving average price of $11.50 and a 200-day moving average price of $10.95.
John Hancock Premium Dividend Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 13th will be issued a dividend of $0.0825 per share. The ex-dividend date is Friday, May 10th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 8.54%.
Institutional Trading of John Hancock Premium Dividend Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Williams Jones Wealth Management LLC. purchased a new stake in John Hancock Premium Dividend Fund in the first quarter worth about $127,000. HB Wealth Management LLC purchased a new position in shares of John Hancock Premium Dividend Fund in the 1st quarter valued at approximately $149,000. Nomura Holdings Inc. bought a new stake in shares of John Hancock Premium Dividend Fund during the fourth quarter valued at approximately $239,000. Flow State Investments L.P. grew its stake in John Hancock Premium Dividend Fund by 327.3% in the fourth quarter. Flow State Investments L.P. now owns 65,164 shares of the real estate investment trust's stock worth $694,000 after purchasing an additional 49,913 shares during the period. Finally, Focus Financial Network Inc. ADV bought a new position in John Hancock Premium Dividend Fund in the fourth quarter worth $745,000. Hedge funds and other institutional investors own 12.98% of the company's stock.
John Hancock Premium Dividend Fund Company Profile
(
Get Free Report)
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.
See Also
Before you consider John Hancock Premium Dividend Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Premium Dividend Fund wasn't on the list.
While John Hancock Premium Dividend Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
