John Hancock Preferred Income Fund III (NYSE:HPS) Director Thomas Rowe Wright Acquires 794 Shares

John Hancock Preferred Income Fund III (NYSE:HPS) Director Thomas Rowe Wright purchased 794 shares of John Hancock Preferred Income Fund III stock in a transaction that occurred on Tuesday, April 8th. The stock was bought at an average cost of $13.79 per share, for a total transaction of $10,949.26. Following the purchase, the director now directly owns 794 shares in the company, valued at $10,949.26. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Hancock Preferred Income Fund III Stock Up 4.4 %

Shares of John Hancock Preferred Income Fund III stock opened at $14.22 on Thursday. John Hancock Preferred Income Fund III has a 52 week low of $13.08 and a 52 week high of $17.25. The company has a 50 day moving average price of $15.02 and a 200 day moving average price of $15.47.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.32 annualized dividend and a yield of 9.28%.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. raised its stake in shares of John Hancock Preferred Income Fund III by 6.3% during the fourth quarter. Wedbush Securities Inc. now owns 24,210 shares of the company’s stock worth $364,000 after purchasing an additional 1,428 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in John Hancock Preferred Income Fund III in the 3rd quarter worth about $34,000. BankPlus Trust Department purchased a new stake in shares of John Hancock Preferred Income Fund III during the 4th quarter worth about $38,000. Fifth Third Bancorp purchased a new stake in shares of John Hancock Preferred Income Fund III during the 4th quarter worth about $41,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $176,000.

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.