66,283 Shares in John Hancock Preferred Income Fund II (NYSE:HPF) Bought by One Capital Management LLC

One Capital Management LLC bought a new position in John Hancock Preferred Income Fund II (NYSE:HPF) in the second quarter, Holdings Channel.com reports. The firm bought 66,283 shares of the company’s stock, valued at approximately $1,125,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in John Hancock Preferred Income Fund II in the 1st quarter worth $180,000. Simplicity Wealth LLC purchased a new position in shares of John Hancock Preferred Income Fund II during the 2nd quarter valued at about $285,000. Private Advisor Group LLC raised its stake in shares of John Hancock Preferred Income Fund II by 5.5% during the 1st quarter. Private Advisor Group LLC now owns 21,297 shares of the company’s stock valued at $352,000 after buying an additional 1,106 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of John Hancock Preferred Income Fund II by 20.2% during the 2nd quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock valued at $377,000 after buying an additional 3,729 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of John Hancock Preferred Income Fund II by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 65,032 shares of the company’s stock valued at $1,104,000 after buying an additional 3,361 shares during the last quarter.

John Hancock Preferred Income Fund II Trading Up 0.1 %

NYSE HPF opened at $17.39 on Tuesday. The stock has a 50-day simple moving average of $16.88 and a two-hundred day simple moving average of $16.79. John Hancock Preferred Income Fund II has a fifty-two week low of $12.99 and a fifty-two week high of $17.78.

John Hancock Preferred Income Fund II Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.1235 per share. The ex-dividend date is Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.52%. This is a positive change from John Hancock Preferred Income Fund II’s previous monthly dividend of $0.12.

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.