John Hancock Preferred Income Fund II (NYSE:HPF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

John Hancock Preferred Income Fund II (NYSE:HPF) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.85 and traded as low as $16.51. John Hancock Preferred Income Fund II shares last traded at $16.53, with a volume of 28,609 shares.

John Hancock Preferred Income Fund II Trading Up 0.3 %

The business has a 50-day moving average price of $16.85 and a 200-day moving average price of $17.31.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be paid a $0.1235 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund II

A number of large investors have recently modified their holdings of HPF. Cetera Investment Advisers boosted its stake in John Hancock Preferred Income Fund II by 4.3% in the 4th quarter. Cetera Investment Advisers now owns 31,305 shares of the company’s stock worth $518,000 after purchasing an additional 1,296 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of John Hancock Preferred Income Fund II by 1.0% during the third quarter. Stifel Financial Corp now owns 141,507 shares of the company’s stock worth $2,639,000 after buying 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 valued at $69,000. LPL Financial LLC increased its position in shares of John Hancock Preferred Income Fund II by 10.9% in the 4th quarter. LPL Financial LLC now owns 43,680 shares of the company’s stock valued at $723,000 after acquiring an additional 4,290 shares during the period. Finally, Bank of America Corp DE raised its stake in John Hancock Preferred Income Fund II by 36.8% in the 4th quarter. Bank of America Corp DE now owns 20,035 shares of the company’s stock worth $332,000 after acquiring an additional 5,390 shares during the last quarter.

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.