John Hancock Preferred Income Fund II (NYSE:HPF) Position Cut by Global Retirement Partners LLC

Global Retirement Partners LLC trimmed its holdings in John Hancock Preferred Income Fund II (NYSE:HPF) by 59.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,730 shares of the company’s stock after selling 48,503 shares during the quarter. Global Retirement Partners LLC’s holdings in John Hancock Preferred Income Fund II were worth $558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in John Hancock Preferred Income Fund II by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock valued at $2,639,000 after purchasing an additional 1,465 shares in the last quarter. International Assets Investment Management LLC boosted its stake in John Hancock Preferred Income Fund II by 2,654.0% during the 3rd quarter. International Assets Investment Management LLC now owns 23,271 shares of the company’s stock valued at $434,000 after purchasing an additional 22,426 shares in the last quarter. Axim Planning & Wealth boosted 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 in the last quarter. Finally, Cornerstone Advisors LLC bought a new position in John Hancock Preferred Income Fund II during the 3rd quarter valued at $69,000.

John Hancock Preferred Income Fund II Trading Down 0.5 %

Shares of NYSE:HPF opened at $17.03 on Friday. John Hancock Preferred Income Fund II has a one year low of $15.39 and a one year high of $19.00. The stock has a fifty day moving average of $16.75 and a 200-day moving average of $17.30.

John Hancock Preferred Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.1235 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.70%.

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.