Key Points
- Christine Hurtsellers, a director at John Hancock Preferred Income Fund II (NYSE:HPF), bought 744 shares on May 6 at an average price of $16.13, totaling about $12,000.72, per an SEC filing.
- The fund declared a monthly dividend of $0.1235 per share payable May 29 with record/ex‑dividend date May 11, implying an annualized yield of about 9.2%.
- HPF is a leveraged closed‑end fund that invests primarily in preferred securities, and several institutions (including Guggenheim, UBS and Invesco) have recently increased their holdings while its 12‑month price range is roughly $15.06–$17.13.
John Hancock Preferred Income Fund II (NYSE:HPF - Get Free Report) Director Christine Hurtsellers acquired 744 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was acquired at an average cost of $16.13 per share, with a total value of $12,000.72. Following the acquisition, the director directly owned 744 shares in the company, valued at approximately $12,000.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
John Hancock Preferred Income Fund II Price Performance
NYSE HPF opened at $16.18 on Friday. John Hancock Preferred Income Fund II has a 12-month low of $15.06 and a 12-month high of $17.13. The firm has a 50-day moving average price of $15.80 and a two-hundred day moving average price of $16.10.
John Hancock Preferred Income Fund II Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be issued a $0.1235 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 9.2%.
Institutional Trading of John Hancock Preferred Income Fund II
A number of institutional investors have recently bought and sold shares of HPF. Guggenheim Capital LLC boosted its holdings in John Hancock Preferred Income Fund II by 73.1% in the 4th quarter. Guggenheim Capital LLC now owns 243,009 shares of the company's stock valued at $3,905,000 after purchasing an additional 102,627 shares during the period. UBS Group AG lifted its holdings in shares of John Hancock Preferred Income Fund II by 8.2% during the 3rd quarter. UBS Group AG now owns 339,995 shares of the company's stock worth $5,729,000 after acquiring an additional 25,779 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of John Hancock Preferred Income Fund II by 57.5% during the 4th quarter. Kestra Advisory Services LLC now owns 66,744 shares of the company's stock worth $1,073,000 after acquiring an additional 24,354 shares during the period. Invesco Ltd. lifted its holdings in shares of John Hancock Preferred Income Fund II by 14.8% during the 3rd 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 shares of John Hancock Preferred Income Fund II during the 4th quarter worth approximately $322,000.
About John Hancock Preferred Income Fund II
(
Get Free Report)
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.
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