Thomas Rowe Wright Purchases 794 Shares of John Hancock Preferred Income Fund III (NYSE:HPS) Stock

John Hancock Preferred Income Fund III (NYSE:HPS) Director Thomas Rowe Wright bought 794 shares of John Hancock Preferred Income Fund III stock in a transaction on Tuesday, April 8th. The stock was acquired at an average price of $13.79 per share, for a total transaction of $10,949.26. Following the transaction, the director now directly owns 794 shares of the company’s stock, valued at approximately $10,949.26. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE:HPS opened at $14.09 on Friday. The business has a 50-day moving average price of $15.00 and a 200 day moving average price of $15.45. John Hancock Preferred Income Fund III has a 12-month low of $13.08 and a 12-month high of $17.25.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in John Hancock Preferred Income Fund III during the 3rd quarter valued at about $34,000. BankPlus Trust Department purchased a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at approximately $38,000. Fifth Third Bancorp acquired a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at approximately $41,000. B. Riley Wealth Advisors Inc. purchased a new stake in John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $176,000. Finally, Mariner LLC purchased a new stake in John Hancock Preferred Income Fund III during the 4th quarter worth approximately $223,000.

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.