32,232 Shares in John Hancock Preferred Income Fund II $HPF Bought by Western Wealth Management LLC

Western Wealth Management LLC bought a new stake in shares of John Hancock Preferred Income Fund II (NYSE:HPF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,232 shares of the company’s stock, valued at approximately $469,000.

Several other hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in John Hancock Preferred Income Fund II in the second quarter worth about $94,000. MSH Capital Advisors LLC bought a new position in shares of John Hancock Preferred Income Fund II in the second quarter worth about $165,000. Jane Street Group LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 4th quarter valued at about $180,000. OneAscent Financial Services LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at about $185,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at about $209,000.

John Hancock Preferred Income Fund II Trading Up 0.2%

Shares of NYSE:HPF opened at $15.72 on Wednesday. The stock has a 50 day moving average of $15.86 and a 200 day moving average of $15.88. John Hancock Preferred Income Fund II has a 12-month low of $15.06 and a 12-month high of $17.13.

John Hancock Preferred Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.1235 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 9.4%.

John Hancock Preferred Income Fund II Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.