Vanguard Capital Wealth Advisors purchased a new position in shares of John Hancock Pref. Income Fund II (NYSE:HPF) in the first quarter, according to its most recent filing with the SEC. The firm purchased 30,000 shares of the company’s stock, valued at approximately $656,000.
A number of other institutional investors have also modified their holdings of HPF. Morgan Stanley grew its holdings in John Hancock Pref. Income Fund II by 10.9% during the 3rd quarter. Morgan Stanley now owns 123,669 shares of the company’s stock worth $2,618,000 after acquiring an additional 12,172 shares during the period. Parsons Capital Management Inc. RI acquired a new stake in John Hancock Pref. Income Fund II during the 1st quarter worth about $211,000. Finally, Wells Fargo & Company MN grew its holdings in John Hancock Pref. Income Fund II by 9.6% during the 3rd quarter. Wells Fargo & Company MN now owns 29,843 shares of the company’s stock worth $631,000 after acquiring an additional 2,610 shares during the period.
John Hancock Pref. Income Fund II stock traded up $0.14 during trading hours on Monday, reaching $22.17. 101 shares of the company’s stock were exchanged, compared to its average volume of 37,333. John Hancock Pref. Income Fund II has a twelve month low of $17.26 and a twelve month high of $22.37.
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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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