Insider Buying: John Hancock Preferred Income Fund II (NYSE:HPF) Insider Buys 624 Shares of Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider William K. Bacic bought 624 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were acquired at an average price of $16.06 per share, with a total value of $10,021.44. Following the completion of the transaction, the insider now directly owns 624 shares of the company’s stock, valued at $10,021.44. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund II Price Performance

HPF opened at $16.60 on Friday. John Hancock Preferred Income Fund II has a 52 week low of $15.39 and a 52 week high of $19.00. The firm has a 50-day simple moving average of $16.89 and a two-hundred day simple moving average of $17.27.

John Hancock Preferred Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be issued a $0.1235 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.48 annualized dividend and a dividend yield of 8.93%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund II

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in John Hancock Preferred Income Fund II by 1.0% during the third quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock worth $2,639,000 after buying an additional 1,465 shares during the period. Cornerstone Advisors LLC acquired a new stake in shares of John Hancock Preferred Income Fund II during the third quarter worth $69,000. Axim Planning & Wealth grew its stake in John Hancock Preferred Income Fund II by 14.0% during the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock valued at $7,833,000 after purchasing an additional 51,730 shares during the last quarter. International Assets Investment Management LLC increased its holdings in John Hancock Preferred Income Fund II by 2,654.0% in the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after buying an additional 22,426 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of John Hancock Preferred Income Fund II during the third quarter worth $33,000.

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.