Insider Buying: John Hancock Preferred Income Fund III (NYSE:HPS) Insider Purchases 740 Shares of Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison purchased 740 shares of John Hancock Preferred Income Fund III stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $15.26 per share, with a total value of $11,292.40. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Hancock Preferred Income Fund III Price Performance

NYSE HPS traded up $0.07 during mid-day trading on Thursday, reaching $14.98. The stock had a trading volume of 30,596 shares, compared to its average volume of 52,280. John Hancock Preferred Income Fund III has a 1 year low of $13.99 and a 1 year high of $17.25. The company has a fifty day moving average price of $15.70 and a 200 day moving average price of $16.05.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Thursday, December 12th.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

A number of institutional investors and hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at about $176,000. Wilmington Savings Fund Society FSB bought a new stake in John Hancock Preferred Income Fund III during the third quarter valued at approximately $34,000. Fiera Capital Corp raised its position in John Hancock Preferred Income Fund III by 0.7% in the third quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock worth $1,465,000 after acquiring an additional 627 shares during the period. US Bancorp DE bought a new position in John Hancock Preferred Income Fund III in the third quarter worth approximately $76,000. Finally, Commonwealth Equity Services LLC grew its position in shares of John Hancock Preferred Income Fund III by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,128 shares during the period.

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.