Kenneth Phelan Purchases 683 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) Director Kenneth Phelan acquired 683 shares of the business’s stock in a transaction on Monday, January 26th. The shares were bought at an average cost of $14.65 per share, with a total value of $10,005.95. Following the completion of the acquisition, the director owned 683 shares in the company, valued at approximately $10,005.95. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE:HPS traded down $0.05 during mid-day trading on Tuesday, reaching $14.55. The stock had a trading volume of 42,500 shares, compared to its average volume of 62,747. The business’s 50 day moving average price is $14.59 and its 200 day moving average price is $14.84. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $15.68.

John Hancock Preferred Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, January 12th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

Institutional Trading of John Hancock Preferred Income Fund III

A number of hedge funds and other institutional investors have recently bought and sold shares of HPS. Royal Bank of Canada increased its position in shares of John Hancock Preferred Income Fund III by 11.4% during the first quarter. Royal Bank of Canada now owns 51,471 shares of the company’s stock worth $772,000 after acquiring an additional 5,264 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Preferred Income Fund III during the 2nd quarter worth $326,000. Fifth Third Bancorp bought a new stake in John Hancock Preferred Income Fund III during the 2nd quarter valued at $72,000. Ameritas Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III during the 2nd quarter valued at $52,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of John Hancock Preferred Income Fund III in the 2nd quarter worth $59,000.

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.