John Hancock Preferred Income Fund II (NYSE:HPF) Director Purchases $12,000.72 in Stock

John Hancock Preferred Income Fund II (NYSE:HPF) Director Christine Hurtsellers bought 744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average price of $16.13 per share, with a total value of $12,000.72. Following the completion of the purchase, the director owned 744 shares in the company, valued at approximately $12,000.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

John Hancock Preferred Income Fund II Trading Up 0.6%

HPF opened at $16.26 on Friday. The firm has a fifty day moving average price of $15.80 and a 200 day moving average price of $16.10. John Hancock Preferred Income Fund II has a 1 year low of $15.06 and a 1 year high of $17.13.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a $0.1235 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Monday, May 11th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in John Hancock Preferred Income Fund II by 6.4% in the 4th quarter. UBS Group AG now owns 361,631 shares of the company’s stock worth $5,811,000 after acquiring an additional 21,636 shares in the last quarter. Axim Planning & Wealth increased its holdings in John Hancock Preferred Income Fund II by 3.3% in the 3rd quarter. Axim Planning & Wealth now owns 332,810 shares of the company’s stock worth $5,608,000 after acquiring an additional 10,752 shares in the last quarter. Guggenheim Capital LLC increased its holdings in John Hancock Preferred Income Fund II by 73.1% in the 4th quarter. Guggenheim Capital LLC now owns 243,009 shares of the company’s stock worth $3,905,000 after acquiring an additional 102,627 shares in the last quarter. Invesco Ltd. increased its holdings in John Hancock Preferred Income Fund II by 14.8% in the 3rd quarter. Invesco Ltd. now owns 182,941 shares of the company’s stock worth $3,083,000 after acquiring an additional 23,622 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in John Hancock Preferred Income Fund II by 1.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 143,956 shares of the company’s stock worth $2,313,000 after acquiring an additional 1,463 shares in the last quarter.

John Hancock Preferred Income Fund II Company Profile

John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end management investment company that seeks to provide a high level of current income, with a secondary objective of capital appreciation. Listed on the New York Stock Exchange, the fund primarily invests in preferred securities issued by U.S. and, to a lesser extent, international issuers. Its diversified portfolio may include investment-grade and below-investment-grade preferred stocks, corporate debt securities, convertible securities and, when deemed appropriate, common equity.

Launched in June 2006, HPF employs leverage through preferred share borrowings and other forms of financing to enhance income potential.