Elevated Capital Advisors LLC acquired a new position in John Hancock Preferred Income Fund III (NYSE:HPS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 85,134 shares of the company’s stock, valued at approximately $1,642,000. John Hancock Preferred Income Fund III comprises 1.8% of Elevated Capital Advisors LLC’s portfolio, making the stock its 16th biggest holding.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth approximately $39,000. FNY Investment Advisers LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth approximately $176,000. Partnervest Advisory Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth approximately $204,000. Janney Montgomery Scott LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth approximately $347,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter worth approximately $606,000.

Shares of HPS stock opened at $19.64 on Friday. The firm’s 50 day moving average price is $19.53 and its 200-day moving average price is $19.27. John Hancock Preferred Income Fund III has a one year low of $18.09 and a one year high of $20.17.

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $1.32 annualized dividend and a dividend yield of 6.72%.

John Hancock Preferred Income Fund III Profile

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

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