John Hancock Preferred Income Fund II (NYSE:HPF) Insider Acquires $11,130.75 in Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider Noni L. Ellison bought 675 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $16.49 per share, for a total transaction of $11,130.75. Following the acquisition, the insider now directly owns 1,508 shares of the company’s stock, valued at $24,866.92. The trade was a 81.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

John Hancock Preferred Income Fund II Trading Down 0.9 %

Shares of John Hancock Preferred Income Fund II stock opened at $16.33 on Friday. John Hancock Preferred Income Fund II has a twelve month low of $15.39 and a twelve month high of $19.00. The business’s 50 day simple moving average is $17.32 and its 200-day simple moving average is $17.33.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.1235 dividend. This represents a $1.48 annualized dividend and a yield of 9.08%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in 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 valued at $2,639,000 after purchasing an additional 1,465 shares during the last quarter. Cornerstone Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II in the third quarter valued at approximately $69,000. Axim Planning & Wealth raised its holdings in shares of John Hancock Preferred Income Fund II by 14.0% during the third quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after buying an additional 51,730 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of John Hancock Preferred Income Fund II by 2,654.0% during 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 during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in John Hancock Preferred Income Fund II in the 3rd quarter worth approximately $33,000.

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.