Ameritas Advisory Services LLC Invests $104,000 in John Hancock Preferred Income Fund II $HPF

Ameritas Advisory Services LLC acquired a new position in John Hancock Preferred Income Fund II (NYSE:HPF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,588 shares of the company’s stock, valued at approximately $104,000.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of John Hancock Preferred Income Fund II in the 1st quarter worth about $55,000. Fifth Third Bancorp acquired a new stake in shares of John Hancock Preferred Income Fund II in the 2nd quarter valued at about $69,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of John Hancock Preferred Income Fund II by 34.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,951 shares of the company’s stock valued at $305,000 after buying an additional 4,853 shares during the period. Bank of America Corp DE grew its stake in shares of John Hancock Preferred Income Fund II by 36.8% in the 4th quarter. Bank of America Corp DE now owns 20,035 shares of the company’s stock valued at $332,000 after buying an additional 5,390 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of John Hancock Preferred Income Fund II by 31.3% in the 1st quarter. Royal Bank of Canada now owns 31,237 shares of the company’s stock valued at $519,000 after buying an additional 7,449 shares during the period.

John Hancock Preferred Income Fund II Stock Performance

Shares of HPF opened at $16.75 on Friday. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $16.06. John Hancock Preferred Income Fund II has a one year low of $14.56 and a one year high of $18.91.

John Hancock Preferred Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 14th will be paid a $0.1235 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 8.8%.

John Hancock Preferred Income Fund II 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.