Private Advisor Group LLC Acquires New Holdings in John Hancock Preferred Income Fund II (NYSE:HPF)

Private Advisor Group LLC bought a new position in shares of John Hancock Preferred Income Fund II (NYSE:HPF – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 24,832 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Captrust Financial Advisors bought a new stake in shares of John Hancock Preferred Income Fund II in the second quarter worth $25,000. CoreCap Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the fourth quarter valued at about $35,000. Elequin Securities LLC acquired a new position in shares of John Hancock Preferred Income Fund II in the fourth quarter worth approximately $65,000. GPS Wealth Strategies Group LLC acquired a new stake in John Hancock Preferred Income Fund II during the 1st quarter valued at approximately $72,000. Finally, Ameritas Advisory Services LLC bought a new position in John Hancock Preferred Income Fund II during the 1st quarter worth approximately $86,000.

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John Hancock Preferred Income Fund II Stock Down 0.5 %

NYSE:HPF opened at $15.12 on Monday. John Hancock Preferred Income Fund II has a 52 week low of $13.93 and a 52 week high of $18.35. The firm’s fifty day moving average is $15.22 and its 200-day moving average is $15.33.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 11th were paid a dividend of $0.1235 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.48 annualized dividend and a yield of 9.80%.

John Hancock Preferred Income Fund II Profile

(Free Report)

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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