John Hancock Preferred Income Fund II (NYSE:HPF) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in John Hancock Preferred Income Fund II (NYSE:HPF) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,032 shares of the company’s stock after acquiring an additional 3,361 shares during the period. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income Fund II were worth $1,104,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HPF. Axim Planning & Wealth boosted its stake in John Hancock Preferred Income Fund II by 120.3% during the 2nd quarter. Axim Planning & Wealth now owns 368,273 shares of the company’s stock valued at $6,250,000 after purchasing an additional 201,080 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of John Hancock Preferred Income Fund II by 9.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 67,813 shares of the company’s stock valued at $1,121,000 after purchasing an additional 5,768 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of John Hancock Preferred Income Fund II by 5.5% in the 1st quarter. Private Advisor Group LLC now owns 21,297 shares of the company’s stock worth $352,000 after purchasing an additional 1,106 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of John Hancock Preferred Income Fund II in the 2nd quarter worth approximately $285,000. Finally, Cetera Advisors LLC acquired a new stake in John Hancock Preferred Income Fund II during the first quarter valued at approximately $180,000.

John Hancock Preferred Income Fund II Stock Up 0.1 %

NYSE HPF opened at $17.39 on Tuesday. John Hancock Preferred Income Fund II has a 1 year low of $12.99 and a 1 year high of $17.78. The business’s fifty day moving average is $16.88 and its two-hundred day moving average is $16.79.

John Hancock Preferred Income Fund II Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.1235 dividend. This is a positive change from John Hancock Preferred Income Fund II’s previous monthly dividend of $0.12. The ex-dividend date is Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.52%.

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.