BankPlus Trust Department Invests $38,000 in John Hancock Preferred Income Fund III (NYSE:HPS)

BankPlus Trust Department acquired a new position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,505 shares of the company’s stock, valued at approximately $38,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE purchased a new position in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at approximately $76,000. Fiera Capital Corp grew its stake in 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 valued at $1,465,000 after acquiring an additional 627 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in John Hancock Preferred Income Fund III in the 3rd quarter valued at $34,000. B. Riley Wealth Advisors Inc. acquired a new stake in John Hancock Preferred Income Fund III in the 3rd quarter valued at $176,000. Finally, Tallon Kerry Patrick acquired a new stake in John Hancock Preferred Income Fund III in the 4th quarter valued at $360,000.

John Hancock Preferred Income Fund III Price Performance

John Hancock Preferred Income Fund III stock opened at $15.25 on Wednesday. The company’s fifty day moving average price is $15.03 and its 200 day moving average price is $15.80. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.32 dividend on an annualized basis and a yield of 8.66%.

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.