Cornerstone Advisors LLC Purchases Shares of 3,692 John Hancock Preferred Income Fund II (NYSE:HPF)

Cornerstone Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund II (NYSE:HPF) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,692 shares of the company’s stock, valued at approximately $69,000.

A number of other institutional investors also recently modified their holdings of HPF. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of John Hancock Preferred Income Fund II in the third quarter valued at approximately $33,000. Commonwealth Equity Services LLC boosted its position in 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 worth $1,104,000 after acquiring an additional 3,361 shares during the last quarter. Wedbush Securities Inc. grew its stake in John Hancock Preferred Income Fund II by 20.2% in the second quarter. Wedbush Securities Inc. now owns 22,229 shares of the company’s stock valued at $377,000 after purchasing an additional 3,729 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in John Hancock Preferred Income Fund II by 9.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 67,813 shares of the company’s stock worth $1,121,000 after buying an additional 5,768 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of John Hancock Preferred Income Fund II during the 1st quarter worth about $180,000.

John Hancock Preferred Income Fund II Stock Performance

HPF stock opened at $17.06 on Friday. John Hancock Preferred Income Fund II has a 52 week low of $14.74 and a 52 week high of $19.00. The company’s 50-day simple moving average is $18.10 and its 200 day simple moving average is $17.37.

John Hancock Preferred Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a $0.1235 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.69%.

John Hancock Preferred Income Fund II Company 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.