Atria Wealth Solutions Inc. Raises Stake in John Hancock Preferred Income Fund II (NYSE:HPF)

Atria Wealth Solutions Inc. grew its holdings in John Hancock Preferred Income Fund II (NYSE:HPF) by 8.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,745 shares of the company’s stock after acquiring an additional 1,302 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in John Hancock Preferred Income Fund II were worth $264,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Golden Green Inc. increased its position in John Hancock Preferred Income Fund II by 2.5% in the 3rd quarter. Golden Green Inc. now owns 40,524 shares of the company’s stock valued at $586,000 after acquiring an additional 979 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of John Hancock Preferred Income Fund II during the fourth quarter worth approximately $27,000. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Preferred Income Fund II during the third quarter worth $25,000. Anchor Investment Management LLC purchased a new position in John Hancock Preferred Income Fund II in the 4th quarter valued at $33,000. Finally, Selway Asset Management acquired a new position in John Hancock Preferred Income Fund II in the 3rd quarter valued at $129,000.

John Hancock Preferred Income Fund II Stock Performance

HPF stock opened at $17.12 on Thursday. The company has a fifty day moving average of $16.42 and a 200-day moving average of $15.82. John Hancock Preferred Income Fund II has a one year low of $12.99 and a one year high of $17.36.

John Hancock Preferred Income Fund II Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 13th will be given a $0.123 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.48 dividend on an annualized basis and a yield of 8.62%.

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.