Stifel Financial Corp Sells 679 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Stifel Financial Corp lessened its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,952 shares of the company’s stock after selling 679 shares during the quarter. Stifel Financial Corp’s holdings in John Hancock Preferred Income Fund III were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HPS. Commonwealth Equity Services LLC grew its position 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 purchasing an additional 3,128 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of John Hancock Preferred Income Fund III by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock worth $1,465,000 after buying an additional 627 shares during the last quarter. Finally, US Bancorp DE bought a new position in shares of John Hancock Preferred Income Fund III in the third quarter valued at approximately $76,000.

John Hancock Preferred Income Fund III Trading Down 1.1 %

Shares of John Hancock Preferred Income Fund III stock opened at $14.81 on Monday. The business’s fifty day simple moving average is $15.63 and its 200 day simple moving average is $16.04. John Hancock Preferred Income Fund III has a 12 month low of $14.01 and a 12 month high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

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 paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date is Thursday, December 12th.

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.