Insider Buying: John Hancock Preferred Income Fund II (NYSE:HPF) Insider Buys 675 Shares of Stock

John Hancock Preferred Income Fund II (NYSE:HPF) insider Noni L. Ellison purchased 675 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $16.49 per share, with a total value of $11,130.75. Following the acquisition, the insider now directly owns 1,508 shares in the company, valued at approximately $24,866.92. The trade was a 81.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

John Hancock Preferred Income Fund II Stock Performance

Shares of John Hancock Preferred Income Fund II stock traded up $0.07 during trading hours on Thursday, hitting $16.44. The company’s stock had a trading volume of 4,884 shares, compared to its average volume of 40,895. John Hancock Preferred Income Fund II has a twelve month low of $15.39 and a twelve month high of $19.00. The firm has a fifty day moving average of $17.41 and a 200-day moving average of $17.34.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a dividend of $0.1235 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of John Hancock Preferred Income Fund II

Institutional investors have recently added to or reduced their stakes in the stock. 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. Cornerstone Advisors LLC purchased a new position in John Hancock Preferred Income Fund II during the 3rd quarter valued at about $69,000. Wedbush Securities Inc. grew its position in John Hancock Preferred Income Fund II by 20.2% in the 2nd quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock valued at $377,000 after acquiring an additional 3,729 shares in the last quarter. International Assets Investment Management LLC increased its stake in 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 worth $434,000 after purchasing an additional 22,426 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of John Hancock Preferred Income Fund II by 5.4% during the second quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock worth $1,104,000 after purchasing an additional 3,361 shares in the last quarter.

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.