John Hancock Preferred Income Fund III (NYSE:HPS) Director Kenneth Phelan Acquires 683 Shares

John Hancock Preferred Income Fund III (NYSE:HPS) Director Kenneth Phelan purchased 683 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was bought at an average price of $14.65 per share, for a total transaction of $10,005.95. Following the transaction, the director directly owned 683 shares of the company’s stock, valued at $10,005.95. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

John Hancock Preferred Income Fund III Stock Down 0.3%

HPS stock opened at $14.55 on Wednesday. John Hancock Preferred Income Fund III has a 52 week low of $13.08 and a 52 week high of $15.68. The business has a 50-day simple moving average of $14.59 and a 200 day simple moving average of $14.85.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Monday, January 12th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 9.1%.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG increased its stake in shares of John Hancock Preferred Income Fund III by 10.8% in the 3rd quarter. UBS Group AG now owns 1,141,593 shares of the company’s stock valued at $17,626,000 after purchasing an additional 111,560 shares during the last quarter. Albion Financial Group UT acquired a new stake in John Hancock Preferred Income Fund III in the third quarter valued at about $1,072,000. Guggenheim Capital LLC raised its stake in John Hancock Preferred Income Fund III by 55.8% during the second quarter. Guggenheim Capital LLC now owns 175,335 shares of the company’s stock worth $2,500,000 after acquiring an additional 62,819 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of John Hancock Preferred Income Fund III by 13.7% in the third quarter. Invesco Ltd. now owns 268,253 shares of the company’s stock worth $4,142,000 after acquiring an additional 32,293 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of John Hancock Preferred Income Fund III in the 2nd quarter valued at approximately $395,000.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.