Everstar Asset Management LLC Cuts Stake in John Hancock Preferred Income Fund II (NYSE:HPF)

Everstar Asset Management LLC decreased its position in John Hancock Preferred Income Fund II (NYSE:HPF) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,460 shares of the company’s stock after selling 5,600 shares during the period. Everstar Asset Management LLC’s holdings in John Hancock Preferred Income Fund II were worth $1,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp boosted its holdings in John Hancock Preferred Income Fund II by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock valued at $2,639,000 after purchasing an additional 1,465 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of John Hancock Preferred Income Fund II in the fourth quarter valued at approximately $203,000. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Preferred Income Fund II in the fourth quarter valued at approximately $284,000. Finally, LPL Financial LLC grew its holdings in John Hancock Preferred Income Fund II by 10.9% during the fourth quarter. LPL Financial LLC now owns 43,680 shares of the company’s stock worth $723,000 after acquiring an additional 4,290 shares during the period.

John Hancock Preferred Income Fund II Price Performance

John Hancock Preferred Income Fund II stock opened at $16.70 on Monday. John Hancock Preferred Income Fund II has a one year low of $15.39 and a one year high of $19.00. The business has a fifty day moving average of $16.89 and a two-hundred day moving average of $17.28.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.1235 dividend. This represents a $1.48 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend is Thursday, March 13th.

John Hancock Preferred Income Fund II Company 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.