Noni L. Ellison Purchases 740 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison bought 740 shares of the stock in a transaction on Monday, December 23rd. The shares were acquired at an average cost of $15.26 per share, for a total transaction of $11,292.40. Following the purchase, the insider now owns 1,633 shares in the company, valued at $24,919.58. The trade was a 82.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

John Hancock Preferred Income Fund III Price Performance

NYSE:HPS opened at $14.81 on Friday. John Hancock Preferred Income Fund III has a twelve month low of $14.01 and a twelve month high of $17.25. The company’s 50-day moving average price is $15.63 and its 200-day moving average price is $16.04.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.91%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of large investors have recently made changes to their positions in HPS. Wilmington Savings Fund Society FSB purchased a new position in John Hancock Preferred Income Fund III during the third quarter worth approximately $34,000. US Bancorp DE acquired a new stake in shares of John Hancock Preferred Income Fund III in the 3rd quarter worth $76,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of John Hancock Preferred Income Fund III during the 3rd quarter worth $176,000. Pine Valley Investments Ltd Liability Co boosted its position in shares of John Hancock Preferred Income Fund III by 10.6% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock valued at $298,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of John Hancock Preferred Income Fund III by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock valued at $1,465,000 after acquiring an additional 627 shares during the last quarter.

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.