Private Advisor Group LLC reduced its position in John Hancock Preferred Income Fund II (NYSE:HPF – Free Report) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,987 shares of the company’s stock after selling 789 shares during the quarter. Private Advisor Group LLC’s holdings in John Hancock Preferred Income Fund II were worth $347,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Stifel Financial Corp grew its position in 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 last quarter. Cornerstone Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the third quarter worth about $69,000. Axim Planning & Wealth increased its position in John Hancock Preferred Income Fund II by 14.0% in the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after acquiring an additional 51,730 shares during the period. Finally, International Assets Investment Management LLC raised its stake in 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 valued at $434,000 after acquiring an additional 22,426 shares during the last quarter.
John Hancock Preferred Income Fund II Stock Performance
John Hancock Preferred Income Fund II stock opened at $16.84 on Wednesday. The business has a 50 day simple moving average of $16.83 and a 200-day simple moving average of $17.33. John Hancock Preferred Income Fund II has a 12 month low of $15.39 and a 12 month high of $19.00.
John Hancock Preferred Income Fund II Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.1235 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.48 annualized dividend and a yield of 8.80%.
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.
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