Noni L. Ellison Buys 740 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison bought 740 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $15.26 per share, for a total transaction of $11,292.40. Following the completion of the transaction, the insider now directly owns 1,633 shares in the company, valued at approximately $24,919.58. This trade represents a 82.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

John Hancock Preferred Income Fund III Trading Down 1.1 %

Shares of HPS stock opened at $14.81 on Friday. John Hancock Preferred Income Fund III has a 12-month low of $14.01 and a 12-month high of $17.25. The business’s 50 day moving average is $15.63 and its two-hundred day moving average is $16.04.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.91%.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new position in John Hancock Preferred Income Fund III during the third quarter worth $76,000. Pine Valley Investments Ltd Liability Co raised its position 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 during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at about $176,000. Rothschild Investment LLC acquired a new stake in John Hancock Preferred Income Fund III in the 2nd quarter worth about $2,512,000. Finally, Commonwealth Equity Services LLC boosted its holdings in John Hancock Preferred Income Fund III by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock worth $1,704,000 after buying an additional 3,128 shares during the last quarter.

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.