John Hancock Preferred Income Fund III (NYSE:HPS) Insider Acquires $11,292.40 in Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison acquired 740 shares of John Hancock Preferred Income Fund III stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $15.26 per share, with a total value of $11,292.40. Following the completion of the purchase, the insider now directly owns 1,633 shares of the company’s stock, valued at approximately $24,919.58. This represents a 82.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

John Hancock Preferred Income Fund III Trading Down 1.1 %

NYSE HPS opened at $14.81 on Friday. The firm’s 50 day moving average price is $15.63 and its two-hundred day moving average price is $16.04. John Hancock Preferred Income Fund III has a twelve month low of $14.01 and a twelve 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. Stockholders of record on Thursday, December 12th will be issued 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%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

Several institutional investors and hedge funds have recently bought and sold shares of HPS. Wilmington Savings Fund Society FSB purchased a new stake in John Hancock Preferred Income Fund III in the 3rd quarter worth approximately $34,000. US Bancorp DE purchased a new position in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at $76,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of John Hancock Preferred Income Fund III in the third quarter worth $176,000. Pine Valley Investments Ltd Liability Co raised its holdings in shares of John Hancock Preferred Income Fund III by 10.6% during the second 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 in the last quarter. Finally, Fiera Capital Corp boosted its position in John Hancock Preferred Income Fund III by 0.7% during the third quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock valued at $1,465,000 after purchasing an additional 627 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.