John Hancock Preferred Income Fund IIHPF
Market Cap: $383M
About: John Hancock Preferred Income Fund II is the United States based closed-end, diversified management investment company. Its primary objective is to provide a high level of current income consistent with preservation of capital. The fund's secondary investment objective is to provide growth of capital to the extent consistent with its primary investment objective. The fund's principal investment strategies include to invests a majority of its assets in preferred stocks and other preferred securities, including convertible preferred securities. Its portfolio composition consists of U.S preferred securities, common stocks, foreign preferred securities, corporate bonds, capital preferred securities and short-term investments.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
89% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 9
22% more capital invested
Capital invested by funds: $27.1M [Q1] → $33.1M (+$5.95M) [Q2]
10% more funds holding
Funds holding: 41 [Q1] → 45 (+4) [Q2]
1.4% more ownership
Funds ownership: 7.71% [Q1] → 9.11% (+1.4%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for HPF.