23,852 Shares in John Hancock Preferred Income Fund III (NYSE:HPS) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new position in John Hancock Preferred Income Fund III (NYSE:HPS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,852 shares of the company’s stock, valued at approximately $358,000.

Several other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in John Hancock Preferred Income Fund III in the third quarter worth $34,000. US Bancorp DE purchased a new position in John Hancock Preferred Income Fund III in the 3rd quarter worth about $76,000. B. Riley Wealth Advisors Inc. bought a new stake in John Hancock Preferred Income Fund III during the 3rd quarter valued at about $176,000. Tallon Kerry Patrick bought a new stake in shares of John Hancock Preferred Income Fund III during the fourth quarter valued at approximately $360,000. Finally, Fiera Capital Corp increased its holdings in 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 period.

John Hancock Preferred Income Fund III Stock Up 0.6 %

Shares of NYSE HPS opened at $15.38 on Tuesday. John Hancock Preferred Income Fund III has a twelve month low of $14.09 and a twelve month high of $17.25. The business has a fifty day simple moving average of $15.05 and a two-hundred day simple moving average of $15.84.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a $0.11 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.32 annualized dividend and a dividend yield of 8.59%.

John Hancock Preferred Income Fund III Company 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.