Noni L. Ellison Buys 675 Shares of John Hancock Preferred Income Fund II (NYSE:HPF) Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider Noni L. Ellison acquired 675 shares of John Hancock Preferred Income Fund II stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $16.49 per share, with a total value of $11,130.75. Following the completion of the purchase, the insider now owns 1,508 shares in the company, valued at $24,866.92. The trade was a 81.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Hancock Preferred Income Fund II Price Performance

Shares of NYSE HPF traded up $0.07 during mid-day trading on Thursday, reaching $16.44. The company’s stock had a trading volume of 4,884 shares, compared to its average volume of 40,895. The stock has a 50-day moving average of $17.41 and a two-hundred day moving average of $17.34. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year high of $19.00.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a $0.1235 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.48 dividend on an annualized basis and a yield of 9.01%.

Institutional Inflows and Outflows

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

About John Hancock Preferred Income Fund II

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.