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

John Hancock Preferred Income Fund III (NYSE:HPS) Director Kenneth Phelan bought 683 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were acquired at an average price of $14.65 per share, with a total value of $10,005.95. Following the completion of the transaction, the director directly owned 683 shares of the company’s stock, valued at $10,005.95. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

John Hancock Preferred Income Fund III Stock Up 0.2%

Shares of HPS opened at $14.58 on Thursday. The business’s 50-day moving average is $14.58 and its two-hundred day moving average is $14.85. John Hancock Preferred Income Fund III has a fifty-two week low of $13.08 and a fifty-two week high of $15.68.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 12th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, January 12th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Several hedge funds have recently bought and sold shares of the stock. Ameritas Advisory Services LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the 2nd quarter valued at approximately $52,000. Wolverine Asset Management LLC acquired a new stake in John Hancock Preferred Income Fund III during the second quarter valued at $59,000. Fifth Third Bancorp purchased a new position in John Hancock Preferred Income Fund III in the second quarter valued at $72,000. Cherry Creek Investment Advisors Inc. acquired a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter worth about $144,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter worth about $159,000.

About John Hancock Preferred Income Fund III

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.