Commonwealth Equity Services LLC Lowers Holdings in John Hancock Preferred Income Fund II (NYSE:HPF)

Commonwealth Equity Services LLC reduced its holdings in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,308 shares of the company’s stock after selling 3,822 shares during the period. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income Fund II were worth $982,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HPF. Wolverine Asset Management LLC acquired a new position in shares of John Hancock Preferred Income Fund II in the fourth quarter worth $203,000. Raymond James Financial Inc. acquired a new position in John Hancock Preferred Income Fund II during the 4th quarter worth $284,000. Finally, Stifel Financial Corp increased its holdings in 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.

John Hancock Preferred Income Fund II Trading Down 0.1 %

Shares of HPF opened at $16.61 on Wednesday. John Hancock Preferred Income Fund II has a 1 year low of $15.39 and a 1 year high of $19.00. The stock has a 50-day simple moving average of $16.89 and a 200-day simple moving average of $17.26.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were paid a $0.1235 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.48 dividend on an annualized basis and a yield of 8.92%.

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.