William K. Bacic Acquires 624 Shares of John Hancock Preferred Income Fund II (NYSE:HPF) Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic acquired 624 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 624 shares of the company’s stock, valued at $10,021.44. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Hancock Preferred Income Fund II Trading Up 0.8 %

Shares of HPF stock opened at $16.60 on Friday. John Hancock Preferred Income Fund II has a one year low of $15.39 and a one year high of $19.00. The firm has a 50-day moving average of $16.89 and a 200-day moving average of $17.27.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a dividend of $0.1235 per share. The ex-dividend date is Monday, January 13th. This represents a $1.48 dividend on an annualized basis and a yield of 8.93%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund II

Several hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in John Hancock Preferred Income Fund II by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock worth $1,104,000 after buying an additional 3,361 shares in the last quarter. One Capital Management LLC bought a new stake in shares of John Hancock Preferred Income Fund II in the 2nd quarter worth approximately $1,125,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in John Hancock Preferred Income Fund II during the 3rd quarter valued at $33,000. International Assets Investment Management LLC raised its stake in John Hancock Preferred Income Fund II by 2,654.0% in 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. Finally, Axim Planning & Wealth raised its position in shares of 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 worth $7,833,000 after acquiring an additional 51,730 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.