John Hancock Preferred Income Fund (NYSE:HPI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

John Hancock Preferred Income Fund (NYSE:HPI)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.52 and traded as low as $17.08. John Hancock Preferred Income Fund shares last traded at $17.17, with a volume of 45,546 shares traded.

John Hancock Preferred Income Fund Stock Up 0.1 %

The business has a fifty day moving average of $17.00 and a 200 day moving average of $17.52.

John Hancock Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a dividend of $0.1235 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date is Monday, December 30th.

Institutional Trading of John Hancock Preferred Income Fund

Several institutional investors have recently added to or reduced their stakes in HPI. Fiera Capital Corp raised its stake in shares of John Hancock Preferred Income Fund by 1.5% in the 3rd quarter. Fiera Capital Corp now owns 78,586 shares of the company’s stock valued at $1,489,000 after purchasing an additional 1,170 shares in the last quarter. SAM Advisors LLC increased its holdings in John Hancock Preferred Income Fund by 3.4% in the third quarter. SAM Advisors LLC now owns 26,937 shares of the company’s stock valued at $510,000 after buying an additional 886 shares during the last quarter. Merit Financial Group LLC bought a new stake in John Hancock Preferred Income Fund in the fourth quarter valued at about $175,000. Finally, US Bancorp DE acquired a new stake in John Hancock Preferred Income Fund during the third quarter valued at approximately $95,000.

John Hancock Preferred Income Fund Company Profile

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