B. Riley Wealth Advisors Inc. Has $979,000 Stake in John Hancock Preferred Income Fund II (NYSE:HPF)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,045 shares of the company’s stock after selling 5,768 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in John Hancock Preferred Income Fund II were worth $979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atria Wealth Solutions Inc. increased its holdings in John Hancock Preferred Income Fund II by 8.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 16,745 shares of the company’s stock valued at $264,000 after purchasing an additional 1,302 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in John Hancock Preferred Income Fund II during the 4th quarter valued at $27,000. Wolverine Asset Management LLC acquired a new stake in John Hancock Preferred Income Fund II during the 3rd quarter valued at $25,000. Anchor Investment Management LLC acquired a new stake in John Hancock Preferred Income Fund II during the 4th quarter valued at $33,000. Finally, UBS Group AG increased its holdings in John Hancock Preferred Income Fund II by 5.6% during the 3rd quarter. UBS Group AG now owns 202,650 shares of the company’s stock valued at $2,932,000 after purchasing an additional 10,761 shares in the last quarter.

John Hancock Preferred Income Fund II Price Performance

NYSE HPF opened at $16.98 on Friday. The stock has a fifty day moving average of $16.87 and a 200-day moving average of $16.39. John Hancock Preferred Income Fund II has a 52 week low of $12.99 and a 52 week high of $17.78.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be paid a $0.123 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 8.69%.

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.