Wolverine Asset Management LLC Takes Position in John Hancock Preferred Income Fund III $HPS

Wolverine Asset Management LLC purchased a new position in John Hancock Preferred Income Fund III (NYSE:HPS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,127 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the second quarter worth $52,000. Fifth Third Bancorp bought a new stake in shares of John Hancock Preferred Income Fund III in the second quarter worth $72,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the second quarter worth $326,000. Focus Financial Network Inc. increased its stake in shares of John Hancock Preferred Income Fund III by 10.9% in the second quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock worth $163,000 after buying an additional 1,116 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of John Hancock Preferred Income Fund III by 11.4% in the first quarter. Royal Bank of Canada now owns 51,471 shares of the company’s stock worth $772,000 after buying an additional 5,264 shares during the last quarter.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS opened at $15.49 on Tuesday. The company has a fifty day simple moving average of $15.26 and a 200 day simple moving average of $14.66. John Hancock Preferred Income Fund III has a 12-month low of $13.08 and a 12-month high of $16.45.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th were issued a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Tuesday, October 14th.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.