John Hancock Preferred Income Fund II (NYSE:HPF) Stock Holdings Decreased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. decreased its stake in shares of John Hancock Preferred Income Fund II (NYSE:HPF) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,771 shares of the company’s stock after selling 2,486 shares during the quarter. Koshinski Asset Management Inc.’s holdings in John Hancock Preferred Income Fund II were worth $1,204,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Axim Planning & Wealth grew its position in shares of John Hancock Preferred Income Fund II by 14.0% in the 3rd quarter. Axim Planning & Wealth now owns 420,003 shares of the company’s stock worth $7,833,000 after acquiring an additional 51,730 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in John Hancock Preferred Income Fund II by 2,654.0% in the third quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock worth $434,000 after purchasing an additional 22,426 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of John Hancock Preferred Income Fund II in the 3rd quarter valued at about $33,000. Finally, Stifel Financial Corp boosted its stake in John Hancock Preferred Income Fund II by 1.0% in the third quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock valued at $2,639,000 after acquiring an additional 1,465 shares during the period.

John Hancock Preferred Income Fund II Stock Performance

NYSE:HPF opened at $16.72 on Wednesday. John Hancock Preferred Income Fund II has a 12-month low of $15.39 and a 12-month high of $19.00. The business has a 50 day simple moving average of $16.84 and a 200 day simple moving average of $17.26.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a dividend of $0.1235 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Monday, January 13th.

John Hancock Preferred Income Fund II 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.