Spectrum Asset Management Inc. held its stake in John Hancock Preferred Income Fund III (NYSE:HPS) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 646,421 shares of the company’s stock at the end of the second quarter. John Hancock Preferred Income Fund III comprises about 1.0% of Spectrum Asset Management Inc.’s holdings, making the stock its 14th largest position. Spectrum Asset Management Inc. owned approximately 2.05% of John Hancock Preferred Income Fund III worth $12,385,000 at the end of the most recent reporting period.

Separately, Partnervest Advisory Services LLC increased its stake in John Hancock Preferred Income Fund III by 4.2% in the second quarter. Partnervest Advisory Services LLC now owns 23,533 shares of the company’s stock worth $451,000 after buying an additional 940 shares in the last quarter.

Shares of John Hancock Preferred Income Fund III (NYSE HPS) traded down 0.32% during mid-day trading on Wednesday, reaching $18.63. 8,284 shares of the company traded hands. The firm has a 50 day moving average of $18.98 and a 200-day moving average of $18.76. John Hancock Preferred Income Fund III has a 52 week low of $16.25 and a 52 week high of $20.25.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be given a dividend of $0.1222 per share. This represents a $1.47 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Wednesday, August 9th.

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About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks 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 objective.

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Institutional Ownership by Quarter for John Hancock Preferred Income Fund III (NYSE:HPS)

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