Selway Asset Management Has $480,000 Stock Holdings in John Hancock Preferred Income Fund III (NYSE:HPS)

Selway Asset Management lessened its holdings in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 24.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 27,830 shares of the company’s stock after selling 9,000 shares during the period. Selway Asset Management’s holdings in John Hancock Preferred Income Fund III were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HPS. Commonwealth Equity Services LLC grew its holdings in shares of John Hancock Preferred Income Fund III by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock valued at $1,704,000 after buying an additional 3,128 shares during the period. Rothschild Investment LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 2nd quarter valued at $2,512,000. Pine Valley Investments Ltd Liability Co grew its holdings in shares of John Hancock Preferred Income Fund III by 10.6% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock valued at $298,000 after buying an additional 1,800 shares during the period. Cetera Advisors LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 1st quarter valued at $199,000. Finally, Cetera Investment Advisers acquired a new position in shares of John Hancock Preferred Income Fund III in the 1st quarter valued at $1,947,000.

John Hancock Preferred Income Fund III Price Performance

Shares of HPS stock traded down $0.08 on Friday, hitting $16.87. The stock had a trading volume of 61,826 shares, compared to its average volume of 52,089. John Hancock Preferred Income Fund III has a twelve month low of $11.79 and a twelve month high of $17.25. The company has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $15.87.

John Hancock Preferred Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.82%. The ex-dividend date of this dividend is Friday, October 11th.

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.