Commonwealth Equity Services LLC Cuts Position in John Hancock Preferred Income Fund II (NYSE:HPF)

Commonwealth Equity Services LLC decreased its position in shares of John Hancock Preferred Income Fund II (NYSE:HPFFree Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,671 shares of the company’s stock after selling 2,566 shares during the period. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income Fund II were worth $1,019,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in John Hancock Preferred Income Fund II in the 4th quarter worth $27,000. Anchor Investment Management LLC purchased a new position in shares of John Hancock Preferred Income Fund II in the fourth quarter worth about $33,000. Kingswood Wealth Advisors LLC bought a new stake in shares of John Hancock Preferred Income Fund II in the 4th quarter valued at about $187,000. Atria Wealth Solutions Inc. boosted its holdings in John Hancock Preferred Income Fund II by 8.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 16,745 shares of the company’s stock valued at $264,000 after acquiring an additional 1,302 shares during the period. Finally, Axim Planning & Wealth bought a new position in John Hancock Preferred Income Fund II during the 4th quarter worth approximately $1,389,000.

John Hancock Preferred Income Fund II Trading Up 0.2 %

Shares of HPF stock opened at $17.13 on Tuesday. John Hancock Preferred Income Fund II has a fifty-two week low of $12.99 and a fifty-two week high of $17.78. The stock has a 50 day moving average price of $17.06 and a two-hundred day moving average price of $16.54.

John Hancock Preferred Income Fund II Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Thursday, July 11th will be paid a $0.1235 dividend. This represents a $1.48 annualized dividend and a dividend yield of 8.65%. This is an increase from John Hancock Preferred Income Fund II’s previous monthly dividend of $0.12. The ex-dividend date is Thursday, July 11th.

About John Hancock Preferred Income Fund II

(Free Report)

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.

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Institutional Ownership by Quarter for John Hancock Preferred Income Fund II (NYSE:HPF)

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