John Hancock Preferred Income Fund II (NYSE:HPF) Director Christine Hurtsellers Buys 744 Shares of Stock

John Hancock Preferred Income Fund II (NYSE:HPF) Director Christine Hurtsellers acquired 744 shares of the stock in a transaction dated Wednesday, May 6th. The shares were purchased at an average price of $16.13 per share, for a total transaction of $12,000.72. Following the completion of the purchase, the director directly owned 744 shares in the company, valued at $12,000.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

John Hancock Preferred Income Fund II Stock Performance

John Hancock Preferred Income Fund II stock opened at $16.18 on Friday. The company’s 50-day moving average is $15.80 and its 200-day moving average is $16.10. John Hancock Preferred Income Fund II has a fifty-two week low of $15.06 and a fifty-two week high of $17.13.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be issued a dividend of $0.1235 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Trading of John Hancock Preferred Income Fund II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of John Hancock Preferred Income Fund II during the 4th quarter worth about $180,000. Readystate Asset Management LP bought a new stake in shares of John Hancock Preferred Income Fund II during the 3rd quarter worth about $195,000. Spire Wealth Management boosted its holdings in shares of John Hancock Preferred Income Fund II by 25.0% during the 3rd quarter. Spire Wealth Management now owns 12,384 shares of the company’s stock worth $209,000 after buying an additional 2,478 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of John Hancock Preferred Income Fund II by 4.0% during the 2nd quarter. NewEdge Advisors LLC now owns 20,178 shares of the company’s stock worth $319,000 after buying an additional 770 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in John Hancock Preferred Income Fund II in the 4th quarter valued at about $322,000.

About John Hancock Preferred Income Fund II

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.