Ameritas Advisory Services LLC Invests $104,000 in John Hancock Preferred Income Fund II $HPF

Ameritas Advisory Services LLC bought a new position in John Hancock Preferred Income Fund II (NYSE:HPF) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,588 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HPF. J.W. Cole Advisors Inc. purchased a new position in John Hancock Preferred Income Fund II in the first quarter valued at approximately $1,742,000. Cetera Investment Advisers lifted its stake in John Hancock Preferred Income Fund II by 18.8% in the first quarter. Cetera Investment Advisers now owns 37,202 shares of the company’s stock valued at $618,000 after purchasing an additional 5,897 shares during the last quarter. Royal Bank of Canada lifted its stake in John Hancock Preferred Income Fund II by 31.3% in the first quarter. Royal Bank of Canada now owns 31,237 shares of the company’s stock valued at $519,000 after purchasing an additional 7,449 shares during the last quarter. Bank of America Corp DE lifted its stake in John Hancock Preferred Income Fund II by 36.8% in the fourth quarter. Bank of America Corp DE now owns 20,035 shares of the company’s stock valued at $332,000 after purchasing an additional 5,390 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in John Hancock Preferred Income Fund II by 34.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,951 shares of the company’s stock valued at $305,000 after purchasing an additional 4,853 shares during the last quarter.

John Hancock Preferred Income Fund II Trading Down 1.2%

John Hancock Preferred Income Fund II stock opened at $16.75 on Friday. John Hancock Preferred Income Fund II has a 12 month low of $14.56 and a 12 month high of $18.91. The business’s 50 day simple moving average is $16.47 and its 200 day simple moving average is $16.06.

John Hancock Preferred Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be paid a $0.1235 dividend. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a yield of 8.8%.

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.