91,089 Shares in John Hancock Preferred Income Fund III $HPS Purchased by Shaker Financial Services LLC

Shaker Financial Services LLC bought a new stake in John Hancock Preferred Income Fund III (NYSE:HPS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 91,089 shares of the company’s stock, valued at approximately $1,097,000.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in John Hancock Preferred Income Fund III by 2.1% during the 1st quarter. Royal Bank of Canada now owns 164,919 shares of the company’s stock worth $2,348,000 after buying an additional 3,323 shares during the period. Western Wealth Management LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the first quarter worth about $459,000. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of 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 worth $368,000 after acquiring an additional 844 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of John Hancock Preferred Income Fund III by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 22,174 shares of the company’s stock worth $316,000 after purchasing an additional 1,987 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of John Hancock Preferred Income Fund III by 17.9% during the second quarter. NewEdge Advisors LLC now owns 20,757 shares of the company’s stock worth $302,000 after purchasing an additional 3,157 shares during the period.

John Hancock Preferred Income Fund III Trading Down 1.5%

Shares of NYSE:HPS traded down $0.17 during trading on Wednesday, hitting $11.52. 93,855 shares of the company’s stock traded hands, compared to its average volume of 69,545. The company has a 50-day moving average price of $13.19 and a 200-day moving average price of $14.00. John Hancock Preferred Income Fund III has a 52 week low of $11.51 and a 52 week high of $15.54.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.32 annualized dividend and a dividend yield of 11.5%.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III is a closed-end investment fund listed on the New York Stock Exchange under the symbol HPS. The fund seeks to provide a high level of current income by investing primarily in preferred securities and other income-producing investments.

The fund’s portfolio may include preferred stocks, preferred securities issued by financial institutions and other companies, corporate debt securities, and convertible securities. These investments can provide exposure to a range of industries and may include issuers based in the United States and other countries, subject to the fund’s investment policies.

John Hancock Preferred Income Fund III is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.