International Assets Investment Management LLC Buys 182,260 Shares of John Hancock Preferred Income Fund II (NYSE:HPF)

International Assets Investment Management LLC grew its stake in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 1,366.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,601 shares of the company’s stock after buying an additional 182,260 shares during the quarter. International Assets Investment Management LLC’s holdings in John Hancock Preferred Income Fund II were worth $3,087,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC bought a new stake in John Hancock Preferred Income Fund II during the 4th quarter worth $33,000. Kingswood Wealth Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund II in the fourth quarter valued at approximately $187,000. Raymond James & Associates bought a new position in John Hancock Preferred Income Fund II in the 3rd quarter valued at approximately $246,000. Selway Asset Management acquired a new stake in John Hancock Preferred Income Fund II during the 3rd quarter worth approximately $129,000. Finally, Global Retirement Partners LLC bought a new stake in John Hancock Preferred Income Fund II during the 4th quarter worth approximately $27,000.

John Hancock Preferred Income Fund II Stock Performance

Shares of NYSE HPF opened at $16.29 on Thursday. The firm has a 50 day moving average price of $16.31 and a two-hundred day moving average price of $15.51. John Hancock Preferred Income Fund II has a 52-week low of $12.99 and a 52-week high of $16.80.

John Hancock Preferred Income Fund II Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, April 11th will be given a dividend of $0.1235 per share. This represents a $1.48 annualized dividend and a yield of 9.10%. The ex-dividend date is Wednesday, April 10th.

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.