John Hancock Preferred Income Fund II (NYSE:HPF - Get Free Report) Director Thomas Rowe Wright bought 715 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of $15.39 per share, for a total transaction of $11,003.85. Following the acquisition, the director now owns 715 shares of the company's stock, valued at approximately $11,003.85. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
John Hancock Preferred Income Fund II Trading Up 4.9 %
Shares of HPF opened at $15.85 on Thursday. The stock has a 50 day moving average of $16.73 and a 200-day moving average of $17.16. John Hancock Preferred Income Fund II has a 52 week low of $14.56 and a 52 week high of $19.00.
John Hancock Preferred Income Fund II Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a $0.1235 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.35%. The ex-dividend date is Friday, April 11th.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of 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 worth $2,639,000 after acquiring an additional 1,465 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of John Hancock Preferred Income Fund II in the fourth quarter valued at about $203,000. Bank of America Corp DE grew its holdings in John Hancock Preferred Income Fund II by 36.8% in the fourth quarter. Bank of America Corp DE now owns 20,035 shares of the company's stock worth $332,000 after purchasing an additional 5,390 shares during the period. Cetera Investment Advisers lifted its stake in shares of John Hancock Preferred Income Fund II by 4.3% in the fourth quarter. Cetera Investment Advisers now owns 31,305 shares of the company's stock worth $518,000 after buying an additional 1,296 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors raised its position in John Hancock Preferred Income Fund II by 58.3% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 19,000 shares of the company's stock worth $314,000 after acquiring an additional 7,000 shares during the period.
John Hancock Preferred Income Fund II Company Profile
(
Get 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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