John Hancock Preferred Income Fund II (NYSE:HPF) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in John Hancock Preferred Income Fund II (NYSE:HPF) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,007 shares of the company’s stock after selling 831 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in John Hancock Preferred Income Fund II were worth $281,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of John Hancock Preferred Income Fund II by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock worth $2,639,000 after purchasing an additional 1,465 shares during the period. Cornerstone Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund II during the 3rd quarter worth $69,000. International Assets Investment Management LLC grew its stake in shares of John Hancock Preferred Income Fund II by 2,654.0% during the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after purchasing an additional 22,426 shares during the period. Finally, Axim Planning & Wealth grew its stake 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 Up 0.6 %

NYSE:HPF opened at $17.12 on Friday. John Hancock Preferred Income Fund II has a fifty-two week low of $15.39 and a fifty-two week high of $19.00. The firm’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $17.31.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.1235 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.66%.

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.