International Assets Investment Management LLC Buys 182,260 Shares of John Hancock Preferred Income Fund II (NYSE:HPF)

International Assets Investment Management LLC lifted its stake in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 1,366.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,601 shares of the company’s stock after purchasing an additional 182,260 shares during the period. International Assets Investment Management LLC’s holdings in John Hancock Preferred Income Fund II were worth $3,087,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HPF. Anchor Investment Management LLC bought a new position in John Hancock Preferred Income Fund II during the fourth quarter valued at $33,000. Kingswood Wealth Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 4th quarter valued at $187,000. Raymond James & Associates purchased a new stake in John Hancock Preferred Income Fund II in the 3rd quarter worth about $246,000. Selway Asset Management bought a new stake in John Hancock Preferred Income Fund II in the 3rd quarter valued at about $129,000. Finally, Global Retirement Partners LLC bought a new stake in John Hancock Preferred Income Fund II in the 4th quarter valued at about $27,000.

John Hancock Preferred Income Fund II Trading Up 1.7 %

Shares of NYSE:HPF opened at $16.29 on Thursday. The company has a 50-day moving average price of $16.31 and a two-hundred day moving average price of $15.51. John Hancock Preferred Income Fund II has a twelve month low of $12.99 and a twelve month high of $16.80.

John Hancock Preferred Income Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be issued a $0.1235 dividend. This represents a $1.48 annualized dividend and a yield of 9.10%. The ex-dividend date is Wednesday, April 10th.

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.