Wolverine Asset Management LLC Makes New Investment in John Hancock Preferred Income Fund II (NYSE:HPF)

Wolverine Asset Management LLC purchased a new stake in John Hancock Preferred Income Fund II (NYSE:HPF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,257 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Advisors LLC acquired a new position in John Hancock Preferred Income Fund II in the third quarter valued at approximately $69,000. International Assets Investment Management LLC raised its stake in shares of 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 acquiring an additional 22,426 shares during the period. Stifel Financial Corp lifted its holdings in shares of 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 worth $2,639,000 after acquiring an additional 1,465 shares during the last quarter. Finally, Axim Planning & Wealth boosted its position in shares of John Hancock Preferred Income Fund II by 14.0% during the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock worth $7,833,000 after purchasing an additional 51,730 shares during the period.

John Hancock Preferred Income Fund II Stock Down 0.5 %

NYSE HPF opened at $17.03 on Monday. The stock has a 50-day moving average of $16.75 and a two-hundred day moving average of $17.31. John Hancock Preferred Income Fund II has a 1-year low of $15.39 and a 1-year high of $19.00.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.1235 per share. This represents a $1.48 annualized dividend and a yield of 8.70%. The ex-dividend date is Thursday, February 13th.

About John Hancock Preferred Income Fund II

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.