John Hancock Preferred Income Fund II (NYSE:HPF – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1235 per share on Friday, October 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Tuesday, October 13th.
John Hancock Preferred Income Fund II Price Performance
NYSE HPF opened at $13.49 on Friday. The company’s 50-day simple moving average is $15.18 and its 200 day simple moving average is $15.60. John Hancock Preferred Income Fund II has a twelve month low of $13.24 and a twelve month high of $17.13.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of HPF. Ameritas Advisory Services LLC bought a new position in shares of John Hancock Preferred Income Fund II in the second quarter worth about $384,000. Arlington Capital Management Inc. bought a new position in John Hancock Preferred Income Fund II in the 2nd quarter valued at $255,000. Western Wealth Management LLC bought a new stake in shares of John Hancock Preferred Income Fund II during the first quarter worth $66,000. Kestra Advisory Services LLC lifted its stake in shares of John Hancock Preferred Income Fund II by 4.0% during the first quarter. Kestra Advisory Services LLC now owns 69,444 shares of the company’s stock valued at $1,084,000 after acquiring an additional 2,700 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in John Hancock Preferred Income Fund II in the second quarter worth about $26,000.
About John Hancock Preferred Income Fund II
John Hancock Preferred Income Fund II (NYSE: HPF) is a closed-end fund managed by John Hancock Investment Management. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective.
The fund invests primarily in preferred securities issued by corporations and financial institutions. Its portfolio may also include other income-producing investments, such as corporate debt securities and securities issued by government-related entities.
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