J.W. Cole Advisors Inc. Has $2.10 Million Stock Position in John Hancock Preferred Income Fund II $HPF

J.W. Cole Advisors Inc. increased its stake in John Hancock Preferred Income Fund II (NYSE:HPF) by 26.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,495 shares of the company’s stock after purchasing an additional 27,684 shares during the period. J.W. Cole Advisors Inc.’s holdings in John Hancock Preferred Income Fund II were worth $2,095,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers grew its stake in John Hancock Preferred Income Fund II by 18.8% during the first quarter. Cetera Investment Advisers now owns 37,202 shares of the company’s stock worth $618,000 after buying an additional 5,897 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of John Hancock Preferred Income Fund II during the 1st quarter worth approximately $55,000. Royal Bank of Canada boosted its position in shares of John Hancock Preferred Income Fund II by 31.3% during the 1st quarter. Royal Bank of Canada now owns 31,237 shares of the company’s stock worth $519,000 after acquiring an additional 7,449 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 acquiring an additional 4,853 shares during the last quarter. Finally, Fifth Third Bancorp bought a new position in John Hancock Preferred Income Fund II in the second quarter valued at approximately $69,000.

John Hancock Preferred Income Fund II Stock Performance

Shares of HPF opened at $16.37 on Friday. The firm has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $16.23. John Hancock Preferred Income Fund II has a one year low of $14.56 and a one year high of $17.58.

John Hancock Preferred Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 13th will be given a dividend of $0.1235 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Thursday, November 13th.

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.