Noni L. Ellison Acquires 675 Shares of John Hancock Preferred Income Fund II (NYSE:HPF) Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider Noni L. Ellison purchased 675 shares of John Hancock Preferred Income Fund II stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $16.49 per share, with a total value of $11,130.75. Following the transaction, the insider now owns 1,508 shares of the company’s stock, valued at $24,866.92. This trade represents a 81.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John Hancock Preferred Income Fund II Trading Down 0.9 %

HPF opened at $16.33 on Friday. John Hancock Preferred Income Fund II has a twelve month low of $15.39 and a twelve month high of $19.00. The company’s 50-day moving average price is $17.32 and its two-hundred day moving average price is $17.33.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be paid a $0.1235 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.48 annualized dividend and a yield of 9.08%.

Institutional Trading of John Hancock Preferred Income Fund II

Large investors have recently bought and sold shares of the company. One Capital Management LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at $1,125,000. Axim Planning & Wealth raised its stake in John Hancock Preferred Income Fund II by 14.0% in the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after acquiring an additional 51,730 shares during the period. International Assets Investment Management LLC boosted its position in John Hancock Preferred Income Fund II by 2,654.0% during the third 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. Wedbush Securities Inc. increased its stake in shares of John Hancock Preferred Income Fund II by 20.2% in the second quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock worth $377,000 after purchasing an additional 3,729 shares in the last quarter. Finally, Cornerstone Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund II in the third quarter worth about $69,000.

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.