US Bancorp DE Acquires New Stake in John Hancock Preferred Income Fund III (NYSE:HPS)

US Bancorp DE acquired a new stake in John Hancock Preferred Income Fund III (NYSE:HPS) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 4,396 shares of the company’s stock, valued at approximately $76,000.

A number of other large investors have also recently made changes to their positions in HPS. Cetera Investment Advisers acquired a new stake in shares of John Hancock Preferred Income Fund III during the 1st quarter worth about $1,947,000. Cetera Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the first quarter valued at approximately $199,000. Pine Valley Investments Ltd Liability Co lifted its stake in shares of John Hancock Preferred Income Fund III by 10.6% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock worth $298,000 after acquiring an additional 1,800 shares during the period. Rothschild Investment LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $2,512,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of John Hancock Preferred Income Fund III by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,128 shares during the period.

John Hancock Preferred Income Fund III Stock Performance

HPS opened at $15.61 on Friday. John Hancock Preferred Income Fund III has a 1-year low of $12.80 and a 1-year high of $17.25. The stock’s 50 day simple moving average is $16.53 and its 200 day simple moving average is $16.05.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.46%.

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.