William K. Bacic Buys 706 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider William K. Bacic purchased 706 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of $14.25 per share, for a total transaction of $10,060.50. Following the completion of the transaction, the insider now directly owns 706 shares of the company’s stock, valued at approximately $10,060.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund III Stock Up 0.6 %

HPS stock opened at $14.80 on Friday. The stock’s 50 day moving average price is $15.28 and its 200 day moving average price is $15.96. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 13th will be given a $0.11 dividend. The ex-dividend date is Monday, January 13th. This represents a $1.32 annualized dividend and a dividend yield of 8.92%.

Institutional Trading of John Hancock Preferred Income Fund III

A number of large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at about $34,000. US Bancorp DE purchased a new stake in shares of John Hancock Preferred Income Fund III during the third quarter worth about $76,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of John Hancock Preferred Income Fund III during the third quarter worth about $176,000. Tallon Kerry Patrick acquired a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at approximately $360,000. Finally, Fiera Capital Corp lifted its stake in shares of 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 buying an additional 627 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.