John Hancock Preferred Income Fund III (NYSE:HPS) Shares Pass Above Fifty Day Moving Average – Should You Sell?

John Hancock Preferred Income Fund III (NYSE:HPS) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.52 and traded as high as $14.62. John Hancock Preferred Income Fund III shares last traded at $14.4550, with a volume of 48,514 shares traded.

John Hancock Preferred Income Fund III Trading Up 0.0%

The business’s fifty day simple moving average is $14.53 and its 200 day simple moving average is $14.53.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Thursday, June 11th.

Institutional Trading of John Hancock Preferred Income Fund III

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkfeld Wealth Strategies L.L.C. increased its holdings in John Hancock Preferred Income Fund III by 3.4% in the first 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. Bank of America Corp DE boosted its holdings in John Hancock Preferred Income Fund III by 0.6% during the third quarter. Bank of America Corp DE now owns 147,907 shares of the company’s stock worth $2,284,000 after buying an additional 898 shares during the last quarter. Focus Financial Network Inc. grew its position in shares of John Hancock Preferred Income Fund III by 8.5% during the 4th quarter. Focus Financial Network Inc. now owns 12,716 shares of the company’s stock worth $183,000 after buying an additional 1,000 shares during the period. HighTower Advisors LLC grew its position in shares of John Hancock Preferred Income Fund III by 6.7% during the 4th quarter. HighTower Advisors LLC now owns 22,666 shares of the company’s stock worth $327,000 after buying an additional 1,433 shares during the period. Finally, Janney Montgomery Scott LLC grew its position 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 buying an additional 1,987 shares during the period.

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.