John Hancock Preferred Income Fund III (NYSE:HPS) Stake Lessened by Global Retirement Partners LLC

Global Retirement Partners LLC lessened its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 57.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,223 shares of the company’s stock after selling 57,660 shares during the period. Global Retirement Partners LLC’s holdings in John Hancock Preferred Income Fund III were worth $635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of John Hancock Preferred Income Fund III in the third quarter worth $34,000. Fifth Third Bancorp bought a new stake in shares of John Hancock Preferred Income Fund III in the fourth quarter worth $41,000. US Bancorp DE bought a new stake in shares of John Hancock Preferred Income Fund III in the third quarter worth $76,000. B. Riley Wealth Advisors Inc. bought a new stake in John Hancock Preferred Income Fund III during the third quarter valued at $176,000. Finally, Tallon Kerry Patrick bought a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at $360,000.

John Hancock Preferred Income Fund III Trading Down 0.3 %

HPS stock opened at $15.37 on Friday. John Hancock Preferred Income Fund III has a 1-year low of $14.09 and a 1-year high of $17.25. The firm has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $15.81.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.32 annualized dividend and a yield of 8.59%.

John Hancock Preferred Income Fund III 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.