Shaker Financial Services LLC bought a new stake in shares of John Hancock Preferred Income Fund III (NYSE:HPS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,472 shares of the company’s stock, valued at approximately $573,000. Shaker Financial Services LLC owned 0.10% of John Hancock Preferred Income Fund III at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in John Hancock Preferred Income Fund III by 1.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,241 shares of the company’s stock worth $273,000 after buying an additional 185 shares during the period. Partnervest Advisory Services LLC lifted its holdings in John Hancock Preferred Income Fund III by 4.2% in the 2nd quarter. Partnervest Advisory Services LLC now owns 23,533 shares of the company’s stock worth $451,000 after buying an additional 940 shares during the period. Sii Investments Inc. WI lifted its holdings in John Hancock Preferred Income Fund III by 9.2% in the 2nd quarter. Sii Investments Inc. WI now owns 12,245 shares of the company’s stock worth $235,000 after buying an additional 1,035 shares during the period. Advisor Group Inc. lifted its holdings in John Hancock Preferred Income Fund III by 15.9% in the 2nd quarter. Advisor Group Inc. now owns 13,128 shares of the company’s stock worth $251,000 after buying an additional 1,800 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in John Hancock Preferred Income Fund III by 13.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 25,849 shares of the company’s stock worth $486,000 after buying an additional 3,015 shares during the period.

John Hancock Preferred Income Fund III (NYSE HPS) traded up $0.02 during midday trading on Monday, reaching $18.31. The company’s stock had a trading volume of 24,400 shares, compared to its average volume of 65,249. John Hancock Preferred Income Fund III has a 1-year low of $16.97 and a 1-year high of $19.48.

The company also recently announced a monthly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Thursday, October 12th were paid a $0.1222 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date was Wednesday, October 11th.

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John Hancock Preferred Income Fund III Profile

John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.

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Institutional Ownership by Quarter for John Hancock Preferred Income Fund III (NYSE:HPS)

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