John Hancock Preferred Income Fund III (NYSE:HPS) Shares Acquired by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co lifted its holdings in John Hancock Preferred Income Fund III (NYSE:HPS) by 10.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,841 shares of the company’s stock after buying an additional 1,800 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in John Hancock Preferred Income Fund III were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Concourse Financial Group Securities Inc. acquired a new stake in shares of John Hancock Preferred Income Fund III in the 1st quarter worth $25,000. Global Retirement Partners LLC increased its position in John Hancock Preferred Income Fund III by 58.6% during the first quarter. Global Retirement Partners LLC now owns 4,302 shares of the company’s stock worth $66,000 after purchasing an additional 1,589 shares during the last quarter. Cetera Advisors LLC purchased a new position in John Hancock Preferred Income Fund III during the first quarter worth about $199,000. Activest Wealth Management boosted its holdings in John Hancock Preferred Income Fund III by 899.9% in the 1st quarter. Activest Wealth Management now owns 22,167 shares of the company’s stock valued at $342,000 after purchasing an additional 19,950 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at approximately $674,000.

John Hancock Preferred Income Fund III Stock Up 0.1 %

Shares of NYSE HPS traded up $0.02 during midday trading on Friday, reaching $16.37. 57,102 shares of the stock were exchanged, compared to its average volume of 53,574. John Hancock Preferred Income Fund III has a twelve month low of $11.79 and a twelve month high of $16.55. The company has a 50 day simple moving average of $15.99 and a 200 day simple moving average of $15.50.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 12th were paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend was Monday, August 12th.

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.