Private Advisor Group LLC Cuts Stock Position in John Hancock Preferred Income Fund II (NYSE:HPF)

Private Advisor Group LLC cut its position in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,191 shares of the company’s stock after selling 914 shares during the quarter. Private Advisor Group LLC’s holdings in John Hancock Preferred Income Fund II were worth $319,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Koshinski Asset Management Inc. raised its stake in shares of John Hancock Preferred Income Fund II by 59.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 133,072 shares of the company’s stock worth $2,100,000 after acquiring an additional 49,466 shares in the last quarter. Anchor Investment Management LLC purchased a new position in John Hancock Preferred Income Fund II in the 4th quarter worth $33,000. Atria Wealth Solutions Inc. lifted its stake in John Hancock Preferred Income Fund II by 8.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 16,745 shares of the company’s stock worth $264,000 after purchasing an additional 1,302 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in John Hancock Preferred Income Fund II during the fourth quarter valued at about $187,000. Finally, Global Retirement Partners LLC bought a new position in shares of John Hancock Preferred Income Fund II during the fourth quarter valued at about $27,000.

John Hancock Preferred Income Fund II Trading Down 0.6 %

HPF opened at $17.22 on Thursday. John Hancock Preferred Income Fund II has a 12 month low of $12.99 and a 12 month high of $17.39. The business’s 50-day moving average price is $16.55 and its 200-day moving average price is $16.07.

John Hancock Preferred Income Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 13th will be given a $0.123 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.48 annualized dividend and a yield of 8.57%.

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.