Wolverine Asset Management LLC Takes Position in John Hancock Preferred Income Fund II (NYSE:HPF)

Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund II (NYSE:HPF) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,257 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in shares of John Hancock Preferred Income Fund II by 1.0% during 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 in the last quarter. Cornerstone Advisors LLC purchased a new position in John Hancock Preferred Income Fund II during the third quarter worth approximately $69,000. Axim Planning & Wealth grew its holdings in John Hancock Preferred Income Fund II by 14.0% in the third quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after purchasing an additional 51,730 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of John Hancock Preferred Income Fund II by 2,654.0% in the third quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock valued at $434,000 after buying an additional 22,426 shares in the last quarter.

John Hancock Preferred Income Fund II Stock Down 0.5 %

Shares of HPF stock opened at $17.03 on Monday. The stock has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $17.31. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year 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 Friday, February 28th. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.1235 per share. This represents a $1.48 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Thursday, February 13th.

John Hancock Preferred Income Fund II Company Profile

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.