John Hancock Pref. Income Fund II (NYSE:HPF) Shares Down 0.2%

John Hancock Pref. Income Fund II (NYSE:HPF)’s share price dropped 0.2% during trading on Wednesday . The stock traded as low as $21.07 and last traded at $21.23, approximately 132,100 shares traded hands during trading. An increase of 221% from the average daily volume of 41,216 shares. The stock had previously closed at $21.28.

The firm has a fifty day moving average of $22.45 and a 200 day moving average of $22.40.

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a dividend of $0.123 per share. This represents a $1.48 annualized dividend and a yield of 6.95%. The ex-dividend date is Wednesday, February 12th.

A number of institutional investors and hedge funds have recently modified their holdings of HPF. Koshinski Asset Management Inc. acquired a new stake in John Hancock Pref. Income Fund II in the fourth quarter valued at approximately $1,282,000. Landscape Capital Management L.L.C. acquired a new stake in shares of John Hancock Pref. Income Fund II in the fourth quarter valued at $730,000. Cetera Advisors LLC grew its stake in shares of John Hancock Pref. Income Fund II by 13.0% in the third quarter. Cetera Advisors LLC now owns 224,066 shares of the company’s stock valued at $5,233,000 after buying an additional 25,740 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of John Hancock Pref. Income Fund II in the fourth quarter valued at $228,000. Finally, Mid Atlantic Financial Management Inc. ADV grew its stake in shares of John Hancock Pref. Income Fund II by 54.8% in the fourth quarter. Mid Atlantic Financial Management Inc. ADV now owns 28,743 shares of the company’s stock valued at $640,000 after buying an additional 10,173 shares in the last quarter.

John Hancock Pref. Income Fund II Company Profile (NYSE:HPF)

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

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