John Hancock Preferred Income Fund III (NYSE:HPS) Shares Sold by Activest Wealth Management

Activest Wealth Management reduced its holdings in John Hancock Preferred Income Fund III (NYSE:HPS) by 22.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 87,673 shares of the company’s stock after selling 24,791 shares during the quarter. Activest Wealth Management’s holdings in John Hancock Preferred Income Fund III were worth $1,318,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in John Hancock Preferred Income Fund III in the third quarter worth $76,000. Fiera Capital Corp increased its holdings in shares of John Hancock Preferred Income Fund III by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock worth $1,465,000 after acquiring an additional 627 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in John Hancock Preferred Income Fund III in the 3rd quarter valued at about $34,000. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III during the 3rd quarter valued at about $176,000. Finally, Tallon Kerry Patrick bought a new position in John Hancock Preferred Income Fund III in the 4th quarter worth about $360,000.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS opened at $15.29 on Monday. The firm’s 50 day moving average is $15.05 and its two-hundred day moving average is $15.84. John Hancock Preferred Income Fund III has a 52 week low of $14.09 and a 52 week high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.64%. The ex-dividend date is Thursday, February 13th.

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.