John Hancock Preferred Income Fund III (NYSE:HPS) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

John Hancock Preferred Income Fund III (NYSE:HPS)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $15.13 and traded as high as $15.17. John Hancock Preferred Income Fund III shares last traded at $15.08, with a volume of 30,899 shares trading hands.

John Hancock Preferred Income Fund III Stock Up 0.3 %

The company has a fifty day moving average of $15.13 and a 200-day moving average of $15.62.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of large investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III during the third quarter worth $176,000. Wolverine Asset Management LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the 4th quarter worth $399,000. Sowell Financial Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III during the 4th quarter valued at about $698,000. Pine Valley Investments Ltd Liability Co grew its holdings in shares of John Hancock Preferred Income Fund III by 153.9% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 49,357 shares of the company’s stock valued at $742,000 after purchasing an additional 29,916 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in John Hancock Preferred Income Fund III during the third quarter worth about $34,000.

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.