Commonwealth Equity Services LLC Acquires 3,128 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Commonwealth Equity Services LLC raised its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 3.0% in the second quarter, Holdings Channel reports. The firm owned 107,801 shares of the company’s stock after acquiring an additional 3,128 shares during the quarter. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income Fund III were worth $1,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concourse Financial Group Securities Inc. purchased a new stake in shares of John Hancock Preferred Income Fund III during the 1st quarter valued at about $25,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of John Hancock Preferred Income Fund III by 10.6% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock worth $298,000 after buying an additional 1,800 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of John Hancock Preferred Income Fund III in the first quarter worth approximately $199,000. Activest Wealth Management boosted its holdings in shares of John Hancock Preferred Income Fund III by 899.9% in the first quarter. Activest Wealth Management now owns 22,167 shares of the company’s stock worth $342,000 after buying an additional 19,950 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in John Hancock Preferred Income Fund III during the 1st quarter worth approximately $1,947,000.

John Hancock Preferred Income Fund III Trading Up 0.2 %

HPS opened at $16.59 on Friday. John Hancock Preferred Income Fund III has a 1-year low of $11.79 and a 1-year high of $16.69. The company has a 50 day simple moving average of $16.12 and a two-hundred day simple moving average of $15.62.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.11 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.96%.

John Hancock Preferred Income Fund III Profile

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.