John Hancock Preferred Income Fund III (NYSE:HPS) Director Christine Hurtsellers Acquires 809 Shares

John Hancock Preferred Income Fund III (NYSE:HPS) Director Christine Hurtsellers purchased 809 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average cost of $14.83 per share, for a total transaction of $11,997.47. Following the acquisition, the director owned 809 shares in the company, valued at approximately $11,997.47. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Hancock Preferred Income Fund III Stock Performance

Shares of HPS stock traded down $0.05 during trading hours on Thursday, reaching $14.82. The company had a trading volume of 34,672 shares, compared to its average volume of 60,246. The business has a fifty day moving average price of $14.49 and a 200-day moving average price of $14.69. John Hancock Preferred Income Fund III has a one year low of $13.80 and a one year high of $15.68.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Monday, May 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HPS. PNC Financial Services Group Inc. increased its position in shares of John Hancock Preferred Income Fund III by 2,816.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of John Hancock Preferred Income Fund III in the first quarter worth approximately $92,000. Kestra Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at approximately $92,000. Cherry Creek Investment Advisors Inc. purchased a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at approximately $144,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in John Hancock Preferred Income Fund III during the third quarter valued at approximately $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.