Koshinski Asset Management Inc. Buys 1,953 Shares of John Hancock Pref. Income Fund II (NYSE:HPF)

Koshinski Asset Management Inc. grew its stake in John Hancock Pref. Income Fund II (NYSE:HPF) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 64,713 shares of the company’s stock after purchasing an additional 1,953 shares during the period. Koshinski Asset Management Inc.’s holdings in John Hancock Pref. Income Fund II were worth $1,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Advisor Group Holdings Inc. bought a new position in shares of John Hancock Pref. Income Fund II in the 1st quarter worth about $1,134,000. Ameritas Investment Company LLC increased its stake in shares of John Hancock Pref. Income Fund II by 65.3% in the 1st quarter. Ameritas Investment Company LLC now owns 8,060 shares of the company’s stock worth $124,000 after acquiring an additional 3,184 shares in the last quarter. Commonwealth Equity Services LLC grew its position in John Hancock Pref. Income Fund II by 29.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 76,236 shares of the company’s stock valued at $1,174,000 after purchasing an additional 17,252 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its position in John Hancock Pref. Income Fund II by 18.3% during the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 33,994 shares of the company’s stock valued at $524,000 after purchasing an additional 5,251 shares during the last quarter. Finally, Cetera Advisors LLC grew its position in John Hancock Pref. Income Fund II by 9.6% during the 1st quarter. Cetera Advisors LLC now owns 245,492 shares of the company’s stock valued at $3,781,000 after purchasing an additional 21,426 shares during the last quarter.

Shares of HPF stock opened at $18.46 on Friday. John Hancock Pref. Income Fund II has a one year low of $9.00 and a one year high of $23.82. The company’s 50-day moving average is $17.95 and its 200 day moving average is $18.40.

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 13th were given a dividend of $0.123 per share. This represents a $1.48 annualized dividend and a yield of 8.00%. The ex-dividend date was Friday, July 10th.

John Hancock Pref. Income Fund II Profile

John Hancock Preferred Income Fund II is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

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Institutional Ownership by Quarter for John Hancock Pref. Income Fund II (NYSE:HPF)

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