Wealth Enhancement Advisory Services LLC Reduces Holdings in John Hancock Preferred Income Fund II (NYSE:HPF)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,263 shares of the company’s stock after selling 1,067 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in John Hancock Preferred Income Fund II were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of John Hancock Preferred Income Fund II in the third quarter worth about $33,000. Cetera Advisors LLC purchased a new stake in John Hancock Preferred Income Fund II in the 1st quarter worth approximately $180,000. Simplicity Wealth LLC bought a new stake in John Hancock Preferred Income Fund II during the 2nd quarter worth approximately $285,000. Private Advisor Group LLC lifted its holdings in John Hancock Preferred Income Fund II by 5.5% during the first quarter. Private Advisor Group LLC now owns 21,297 shares of the company’s stock valued at $352,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its position in shares of John Hancock Preferred Income Fund II by 20.2% in the second quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock worth $377,000 after purchasing an additional 3,729 shares during the period.

John Hancock Preferred Income Fund II Price Performance

Shares of NYSE HPF opened at $18.04 on Monday. John Hancock Preferred Income Fund II has a 1 year low of $14.10 and a 1 year high of $19.00. The firm has a fifty day moving average price of $18.05 and a 200-day moving average price of $17.32.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be paid a $0.1235 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.48 dividend on an annualized basis and a yield of 8.22%.

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.