William K. Bacic Acquires 624 Shares of John Hancock Preferred Income Fund II (NYSE:HPF) Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic bought 624 shares of the stock in a transaction on Tuesday, January 14th. The stock was purchased at an average cost of $16.06 per share, for a total transaction of $10,021.44. Following the acquisition, the insider now directly owns 624 shares of the company’s stock, valued at $10,021.44. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

John Hancock Preferred Income Fund II Trading Up 1.2 %

John Hancock Preferred Income Fund II stock opened at $16.47 on Thursday. John Hancock Preferred Income Fund II has a 52 week low of $15.39 and a 52 week high of $19.00. The firm’s 50-day simple moving average is $16.92 and its 200 day simple moving average is $17.27.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.1235 dividend. The ex-dividend date is Monday, January 13th. This represents a $1.48 annualized dividend and a dividend yield of 9.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HPF. Stifel Financial Corp lifted its stake in John Hancock Preferred Income Fund II by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock valued at $2,639,000 after buying an additional 1,465 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of John Hancock Preferred Income Fund II in the third quarter valued at $33,000. Commonwealth Equity Services LLC lifted its position in shares of John Hancock Preferred Income Fund II by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after acquiring an additional 3,361 shares in the last quarter. Cornerstone Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II during the third quarter valued at $69,000. Finally, International Assets Investment Management LLC increased its position in John Hancock Preferred Income Fund II by 2,654.0% during the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after purchasing an additional 22,426 shares in the last quarter.

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.