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

John Hancock Preferred Income Fund II (NYSE:HPF) Director Christine Hurtsellers purchased 744 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average cost of $16.13 per share, for a total transaction of $12,000.72. Following the completion of the transaction, the director directly owned 744 shares of the company’s stock, valued at $12,000.72. This represents 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 Trading Down 0.1%

NYSE:HPF traded down $0.01 on Thursday, hitting $16.15. The stock had a trading volume of 26,548 shares, compared to its average volume of 38,226. John Hancock Preferred Income Fund II has a 1 year low of $15.06 and a 1 year high of $17.13. The firm’s fifty day simple moving average is $15.79 and its two-hundred day simple moving average is $16.10.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Monday, May 11th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

Several large investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its stake in shares of John Hancock Preferred Income Fund II by 73.1% during the 4th quarter. Guggenheim Capital LLC now owns 243,009 shares of the company’s stock worth $3,905,000 after purchasing an additional 102,627 shares during the period. UBS Group AG increased its holdings in John Hancock Preferred Income Fund II by 8.2% during the third quarter. UBS Group AG now owns 339,995 shares of the company’s stock worth $5,729,000 after buying an additional 25,779 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in John Hancock Preferred Income Fund II by 57.5% during the fourth quarter. Kestra Advisory Services LLC now owns 66,744 shares of the company’s stock worth $1,073,000 after buying an additional 24,354 shares during the last quarter. Invesco Ltd. raised its position in John Hancock Preferred Income Fund II by 14.8% in the third quarter. Invesco Ltd. now owns 182,941 shares of the company’s stock worth $3,083,000 after acquiring an additional 23,622 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new stake in John Hancock Preferred Income Fund II in the fourth quarter worth about $322,000.

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.