Tallon Kerry Patrick Takes $360,000 Position in John Hancock Preferred Income Fund III (NYSE:HPS)

Tallon Kerry Patrick bought a new stake in John Hancock Preferred Income Fund III (NYSE:HPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,833 shares of the company’s stock, valued at approximately $360,000.

Several other institutional investors also recently modified their holdings of the business. Fiera Capital Corp grew its holdings in shares of John Hancock Preferred Income Fund III by 0.7% in the third 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Preferred Income Fund III during the third quarter valued at $176,000. US Bancorp DE bought a new position in John Hancock Preferred Income Fund III during the third quarter valued at $76,000. Finally, Wilmington Savings Fund Society FSB bought a new position in John Hancock Preferred Income Fund III during the third quarter valued at $34,000.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE HPS opened at $14.80 on Friday. The stock has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $15.96. John Hancock Preferred Income Fund III has a 1-year low of $14.09 and a 1-year high of $17.25.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 8.92%. The ex-dividend date is Monday, January 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.