John Hancock Preferred Income Fund II (NYSE:HPF) Insider Purchases $10,021.44 in Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic purchased 624 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was bought at an average cost of $16.06 per share, for a total transaction of $10,021.44. Following the purchase, the insider now owns 624 shares in the company, valued at $10,021.44. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund II Stock Up 0.4 %

Shares of HPF stock opened at $16.64 on Friday. The stock’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $17.26. John Hancock Preferred Income Fund II has a one year low of $15.39 and a one year high of $19.00.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be paid a $0.1235 dividend. This represents a $1.48 annualized dividend and a yield of 8.91%. The ex-dividend date is Monday, January 13th.

Institutional Trading of John Hancock Preferred Income Fund II

Institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in John Hancock Preferred Income Fund II in the 3rd quarter valued at $33,000. Cornerstone Advisors LLC bought a new position in John Hancock Preferred Income Fund II in the 3rd quarter valued at $69,000. International Assets Investment Management LLC raised its position in John Hancock Preferred Income Fund II by 2,654.0% in the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock valued at $434,000 after purchasing an additional 22,426 shares during the last quarter. Commonwealth Equity Services LLC raised its position in John Hancock Preferred Income Fund II by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after purchasing an additional 3,361 shares during the last quarter. Finally, One Capital Management LLC bought a new position in John Hancock Preferred Income Fund II in the 2nd quarter valued at $1,125,000.

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.