Cetera Advisors LLC Acquires New Shares in John Hancock Preferred Income Fund II (NYSE:HPF)

Cetera Advisors LLC bought a new position in John Hancock Preferred Income Fund II (NYSE:HPF) during the 1st quarter, HoldingsChannel.com reports. The fund bought 10,901 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its holdings in John Hancock Preferred Income Fund II by 8.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 16,745 shares of the company’s stock worth $264,000 after buying an additional 1,302 shares during the last quarter. Private Advisor Group LLC grew its position in John Hancock Preferred Income Fund II by 5.5% in the first quarter. Private Advisor Group LLC now owns 21,297 shares of the company’s stock worth $352,000 after acquiring an additional 1,106 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in John Hancock Preferred Income Fund II by 9.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 67,813 shares of the company’s stock worth $1,121,000 after acquiring an additional 5,768 shares in the last quarter. Axim Planning & Wealth increased its stake in shares of John Hancock Preferred Income Fund II by 90.0% during the 1st quarter. Axim Planning & Wealth now owns 167,193 shares of the company’s stock worth $2,764,000 after purchasing an additional 79,193 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of John Hancock Preferred Income Fund II by 101.4% during the 1st quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $55,000 after purchasing an additional 1,683 shares in the last quarter.

John Hancock Preferred Income Fund II Stock Down 0.1 %

HPF stock opened at $16.67 on Monday. John Hancock Preferred Income Fund II has a 1 year low of $12.99 and a 1 year high of $17.78. The company has a fifty day simple moving average of $16.89 and a 200 day simple moving average of $16.66.

John Hancock Preferred Income Fund II Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 12th will be given a $0.123 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.85%.

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.