HPF Stock Summary and Trading Ideas (JH Pr Income II | NYSE:HPF)

The fund’s primary investment 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 seeks to achieve its investment objectives by investing in securities that, in the opinion of the Advisor, may be undervalued relative to similar securities in the marketplace. Under normal market conditions, the fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in preferred stocks and other preferred securities, including convertible preferred securities. In addition, the fund invests 25% or more of its total assets in the industries comprising the utilities sector. The fund will invest at least 65% of its total assets in preferred securities and other fixed-income securities which are rated investment grade (i.e., at least “Baa” by Moody’s Investors Service, Inc. (“Moody’s”) or “BBB” by Standard & Poor’s Ratings Services (“S&P”)) or in unrated securities determined by the Advisor to be of comparable credit quality. In addition, the fund can invest up to 35% of its total assets in preferred securities and other fixed income securities that are rated below investment grade (“B” or higher) by either S&P or Moody’s at the time of acquisition or in unrated preferred securities or unrated fixed income securities determined by the Advisor to be of comparable quality.

JH Pr Income II trades on the NYSE stock market under the symbol HPF.

As of April 17, 2024, HPF stock price climbed to $16.29 with 124,951 million shares trading.

HPF has a beta of 1.07, meaning it tends to be more sensitive to market movements. HPF has a correlation of 0.37 to the broad based SPY ETF.

HPF has a market cap of $350.71 million. This is considered a Small Cap stock.

In the last 3 years, HPF stock traded as high as $22.93 and as low as $12.99.

HPF has underperformed the market in the last year with a return of +13.7%, while the SPY ETF gained +23.0%. In the last 3 month period, HPF fell short of the market, returning +3.2%, while SPY returned +5.7%. However, in the most recent 2 weeks HPF has outperformed the stock market by returning +0.1%, while SPY returned -3.5%.

HPF support price is $15.81 and resistance is $16.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HPF stock will trade within this expected range on the day.