Pine Valley Investments Ltd Liability Co Increases Stock Holdings in John Hancock Preferred Income Fund III (NYSE:HPS)

Pine Valley Investments Ltd Liability Co increased its holdings in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 153.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,357 shares of the company’s stock after buying an additional 29,916 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in John Hancock Preferred Income Fund III were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HPS. Wilmington Savings Fund Society FSB acquired a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at $34,000. BankPlus Trust Department acquired a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $38,000. Fifth Third Bancorp acquired a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $41,000. US Bancorp DE acquired a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at $76,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at $176,000.

John Hancock Preferred Income Fund III Price Performance

NYSE HPS opened at $15.27 on Thursday. The business has a fifty day moving average price of $15.03 and a 200 day moving average price of $15.80. John Hancock Preferred Income Fund III has a one year low of $14.09 and a one year high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend is Thursday, February 13th.

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.