Christine Hurtsellers Purchases 809 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) Director Christine Hurtsellers acquired 809 shares of John Hancock Preferred Income Fund III stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average cost of $14.83 per share, with a total value of $11,997.47. Following the completion of the acquisition, the director directly owned 809 shares in the company, valued at $11,997.47. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

John Hancock Preferred Income Fund III Stock Up 0.6%

NYSE:HPS opened at $14.92 on Friday. The company has a 50-day moving average of $14.49 and a 200-day moving average of $14.68. John Hancock Preferred Income Fund III has a 52 week low of $13.80 and a 52 week high of $15.68.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III during the 1st quarter worth about $92,000. Janney Montgomery Scott LLC lifted its holdings in shares of John Hancock Preferred Income Fund III by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,174 shares of the company’s stock worth $316,000 after acquiring an additional 1,987 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in John Hancock Preferred Income Fund III by 3.4% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,464 shares of the company’s stock valued at $368,000 after purchasing an additional 844 shares during the last quarter. Readystate Asset Management LP bought a new position in John Hancock Preferred Income Fund III during the 4th quarter valued at about $419,000. Finally, Royal Bank of Canada lifted its holdings in John Hancock Preferred Income Fund III by 2.5% during the 4th quarter. Royal Bank of Canada now owns 161,596 shares of the company’s stock valued at $2,329,000 after purchasing an additional 4,002 shares during the last quarter.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.