John Hancock Preferred Income Fund II (NYSE:HPF) Holdings Lowered by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in John Hancock Preferred Income Fund II (NYSE:HPF) by 13.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,741 shares of the company’s stock after selling 8,102 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in John Hancock Preferred Income Fund II were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HPF. Stifel Financial Corp increased its holdings in shares of John Hancock Preferred Income Fund II by 1.0% in the 3rd 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 period. Cornerstone Advisors LLC purchased a new stake in shares of John Hancock Preferred Income Fund II during the third quarter worth $69,000. Axim Planning & Wealth boosted its position in 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. International Assets Investment Management LLC grew its stake in John Hancock Preferred Income Fund II by 2,654.0% in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in John Hancock Preferred Income Fund II in the 3rd quarter worth about $33,000.

John Hancock Preferred Income Fund II Price Performance

Shares of NYSE HPF opened at $16.40 on Wednesday. The business has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $17.39. 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be paid a $0.1235 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.04%. The ex-dividend date is Thursday, December 12th.

John Hancock Preferred Income Fund II Profile

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.