International Assets Investment Management LLC Increases Holdings in John Hancock Preferred Income Fund II (NYSE:HPF)

International Assets Investment Management LLC lifted its position in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 2,654.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,271 shares of the company’s stock after acquiring an additional 22,426 shares during the quarter. International Assets Investment Management LLC’s holdings in John Hancock Preferred Income Fund II were worth $434,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of John Hancock Preferred Income Fund II during the 3rd quarter worth approximately $33,000. One Capital Management LLC purchased a new stake in John Hancock Preferred Income Fund II in the 2nd quarter valued at approximately $1,125,000. Wedbush Securities Inc. lifted its stake in John Hancock Preferred Income Fund II by 20.2% in the 2nd quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock valued at $377,000 after buying an additional 3,729 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in John Hancock Preferred Income Fund II by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after buying an additional 3,361 shares in the last quarter. Finally, Axim Planning & Wealth lifted its stake in John Hancock Preferred Income Fund II by 120.3% in the 2nd quarter. Axim Planning & Wealth now owns 368,273 shares of the company’s stock valued at $6,250,000 after buying an additional 201,080 shares in the last quarter.

John Hancock Preferred Income Fund II Stock Down 0.5 %

HPF stock opened at $17.61 on Thursday. John Hancock Preferred Income Fund II has a 1 year low of $14.10 and a 1 year high of $19.00. The stock’s 50 day moving average price is $18.02 and its 200 day moving average price is $17.30.

John Hancock Preferred Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, November 12th will be paid a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend is Tuesday, November 12th.

John Hancock Preferred Income Fund II 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.