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

Global Retirement Partners LLC lowered its position in shares of John Hancock Preferred Income Fund II (NYSE:HPF – Free Report) by 59.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HPF. Axim Planning & Wealth grew its holdings in shares of John Hancock Preferred Income Fund II by 14.0% during the third 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. Stifel Financial Corp grew its holdings in shares of 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 valued at $2,639,000 after purchasing an additional 1,465 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of John Hancock Preferred Income Fund II by 2,654.0% during the third 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 during the last quarter. Finally, Cornerstone Advisors LLC bought a new position in shares of John Hancock Preferred Income Fund II during the third quarter valued at approximately $69,000.

John Hancock Preferred Income Fund II Stock Down 0.5 %

NYSE:HPF opened at $17.03 on Friday. The stock has a 50 day moving average of $16.75 and a 200-day moving average of $17.30. John Hancock Preferred Income Fund II has a 52 week low of $15.39 and a 52 week high of $19.00.

John Hancock Preferred Income Fund II Announces Dividend

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

About John Hancock Preferred Income Fund II

(Free Report)

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.

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