Insider Buying: John Hancock Preferred Income Fund III (NYSE:HPS) Insider Purchases 706 Shares of Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider William K. Bacic purchased 706 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were acquired at an average price of $14.25 per share, for a total transaction of $10,060.50. Following the completion of the purchase, the insider now directly owns 706 shares of the company’s stock, valued at approximately $10,060.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

John Hancock Preferred Income Fund III Trading Up 2.6 %

Shares of HPS stock traded up $0.37 during trading on Wednesday, reaching $14.71. The company’s stock had a trading volume of 54,468 shares, compared to its average volume of 85,219. John Hancock Preferred Income Fund III has a 1-year low of $14.09 and a 1-year high of $17.25. The stock’s 50-day moving average price is $15.31 and its 200 day moving average price is $15.97.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.32 annualized dividend and a dividend yield of 8.97%.

Institutional Trading of John Hancock Preferred Income Fund III

A number of large investors have recently modified their holdings of HPS. Tallon Kerry Patrick purchased a new position in John Hancock Preferred Income Fund III in the fourth quarter valued at $360,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of John Hancock Preferred Income Fund III in the 3rd quarter valued at about $176,000. US Bancorp DE acquired a new position in shares of John Hancock Preferred Income Fund III during the third quarter worth about $76,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of John Hancock Preferred Income Fund III during the third quarter worth approximately $34,000. Finally, Fiera Capital Corp increased 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 worth $1,465,000 after buying an additional 627 shares during the period.

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.