Koshinski Asset Management Inc. Reduces Stake in John Hancock Preferred Income Fund II $HPF

Koshinski Asset Management Inc. lessened its holdings in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,362 shares of the company’s stock after selling 2,658 shares during the period. Koshinski Asset Management Inc.’s holdings in John Hancock Preferred Income Fund II were worth $1,033,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HPF. PNC Financial Services Group Inc. purchased a new position in shares of John Hancock Preferred Income Fund II during the first quarter valued at approximately $55,000. Fifth Third Bancorp purchased a new position in shares of John Hancock Preferred Income Fund II during the second quarter valued at approximately $69,000. Ameritas Advisory Services LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the second quarter valued at approximately $104,000. Atria Wealth Solutions Inc. boosted its position in shares of John Hancock Preferred Income Fund II by 12.7% during the second quarter. Atria Wealth Solutions Inc. now owns 18,947 shares of the company’s stock valued at $301,000 after buying an additional 2,140 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of John Hancock Preferred Income Fund II by 34.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,951 shares of the company’s stock valued at $305,000 after buying an additional 4,853 shares during the period.

John Hancock Preferred Income Fund II Stock Performance

Shares of NYSE:HPF opened at $16.53 on Monday. John Hancock Preferred Income Fund II has a 1 year low of $14.56 and a 1 year high of $18.74. The business has a 50 day simple moving average of $16.53 and a two-hundred day simple moving average of $16.06.

John Hancock Preferred Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be issued a $0.1235 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

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.