John Hancock Preferred Income Fund III (NYSE:HPS) Insider Noni L. Ellison Acquires 740 Shares

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison bought 740 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $15.26 per share, for a total transaction of $11,292.40. Following the purchase, the insider now directly owns 1,633 shares in the company, valued at approximately $24,919.58. This represents a 82.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Hancock Preferred Income Fund III Trading Up 0.4 %

NYSE HPS opened at $14.97 on Friday. The firm’s 50 day moving average is $15.70 and its 200-day moving average is $16.05. John Hancock Preferred Income Fund III has a 12-month low of $13.99 and a 12-month high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.32 annualized dividend and a yield of 8.82%.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of John Hancock Preferred Income Fund III in the 2nd quarter valued at about $2,512,000. Commonwealth Equity Services LLC grew its stake in John Hancock Preferred Income Fund III by 3.0% in the second quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,128 shares in the last quarter. Fiera Capital Corp increased its position in shares of John Hancock Preferred Income Fund III by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock worth $1,465,000 after purchasing an additional 627 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of John Hancock Preferred Income Fund III by 10.6% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock worth $298,000 after purchasing an additional 1,800 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of John Hancock Preferred Income Fund III in the 3rd quarter valued at approximately $176,000.

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.