John Hancock Preferred Income Fund II (NYSE:HPF) Insider William K. Bacic Purchases 624 Shares

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic acquired 624 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were purchased at an average price of $16.06 per share, with a total value of $10,021.44. Following the transaction, the insider now owns 624 shares in the company, valued at $10,021.44. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Hancock Preferred Income Fund II Trading Up 1.2 %

Shares of John Hancock Preferred Income Fund II stock opened at $16.47 on Thursday. John Hancock Preferred Income Fund II has a 52-week low of $15.39 and a 52-week high of $19.00. The company’s 50-day simple moving average is $16.92 and its 200-day simple moving average is $17.27.

John Hancock Preferred Income Fund II 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 paid a dividend of $0.1235 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of John Hancock Preferred Income Fund II

Several hedge funds have recently modified their holdings of HPF. Axim Planning & Wealth grew its holdings in John Hancock Preferred Income Fund II by 14.0% during the third quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock worth $7,833,000 after acquiring an additional 51,730 shares during the period. Stifel Financial Corp grew its stake in shares of John Hancock Preferred Income Fund II by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock worth $2,639,000 after purchasing an additional 1,465 shares during the period. One Capital Management LLC acquired a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter worth $1,125,000. Commonwealth Equity Services LLC increased its holdings in shares of John Hancock Preferred Income Fund II by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after purchasing an additional 3,361 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in John Hancock Preferred Income Fund II by 2,654.0% during the third quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after buying an additional 22,426 shares in the last quarter.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II is a closed ended fixed income 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 fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.