Christine Hurtsellers Purchases 744 Shares of John Hancock Preferred Income Fund II (NYSE:HPF) Stock

John Hancock Preferred Income Fund II (NYSE:HPF) Director Christine Hurtsellers bought 744 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was bought at an average price of $16.13 per share, with a total value of $12,000.72. Following the transaction, the director owned 744 shares in the company, valued at approximately $12,000.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund II Trading Up 0.6%

HPF stock opened at $16.26 on Friday. John Hancock Preferred Income Fund II has a 12-month low of $15.06 and a 12-month high of $17.13. The company has a 50 day moving average of $15.80 and a two-hundred day moving average of $16.10.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be given a $0.1235 dividend. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of John Hancock Preferred Income Fund II during the 4th quarter worth $180,000. Readystate Asset Management LP acquired a new position in shares of John Hancock Preferred Income Fund II during the 3rd quarter worth $195,000. Spire Wealth Management increased its stake in shares of John Hancock Preferred Income Fund II by 25.0% during the 3rd quarter. Spire Wealth Management now owns 12,384 shares of the company’s stock worth $209,000 after purchasing an additional 2,478 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of John Hancock Preferred Income Fund II by 4.0% during the 2nd quarter. NewEdge Advisors LLC now owns 20,178 shares of the company’s stock worth $319,000 after purchasing an additional 770 shares during the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of John Hancock Preferred Income Fund II during the 4th quarter worth $322,000.

John Hancock Preferred Income Fund II Company 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.