Insider Buying: John Hancock Preferred Income Fund II (NYSE:HPF) Insider Buys 624 Shares of Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic acquired 624 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was purchased at an average price of $16.06 per share, with a total value of $10,021.44. Following the acquisition, the insider now owns 624 shares of the company’s stock, valued at $10,021.44. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund II Stock Up 1.2 %

Shares of John Hancock Preferred Income Fund II stock traded up $0.19 during trading on Wednesday, hitting $16.47. The company’s stock had a trading volume of 58,394 shares, compared to its average volume of 59,355. John Hancock Preferred Income Fund II has a 52 week low of $15.39 and a 52 week high of $19.00. The company has a fifty day simple moving average of $16.94 and a two-hundred day simple moving average of $17.28.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a dividend of $0.1235 per share. The ex-dividend date is Monday, January 13th. This represents a $1.48 annualized dividend and a dividend yield of 9.00%.

Institutional Trading of John Hancock Preferred Income Fund II

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in John Hancock Preferred Income Fund II in the 3rd quarter worth approximately $33,000. Cornerstone Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund II in the third quarter worth $69,000. International Assets Investment Management LLC lifted its holdings 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 valued at $434,000 after purchasing an additional 22,426 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of John Hancock Preferred Income Fund II by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after buying an additional 3,361 shares during the last quarter. Finally, One Capital Management LLC bought a new stake in John Hancock Preferred Income Fund II in the 2nd quarter worth about $1,125,000.

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.