John Hancock Preferred Income Fund III (NYSE:HPS) Insider Noni L. Ellison Buys 740 Shares

John Hancock Preferred Income Fund III (NYSE:HPS) insider Noni L. Ellison bought 740 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $15.26 per share, for a total transaction of $11,292.40. Following the completion of the acquisition, the insider now owns 1,633 shares of the company’s stock, valued at approximately $24,919.58. This represents a 82.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

John Hancock Preferred Income Fund III Stock Down 1.1 %

Shares of HPS stock opened at $14.81 on Friday. John Hancock Preferred Income Fund III has a 1 year low of $14.01 and a 1 year high of $17.25. The firm’s fifty day simple moving average is $15.63 and its 200 day simple moving average is $16.04.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.91%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Trading of John Hancock Preferred Income Fund III

Several large investors have recently added to or reduced their stakes in the company. Fiera Capital Corp increased its stake 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 buying an additional 627 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in 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 acquiring an additional 1,800 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of John Hancock Preferred Income Fund III in the third quarter worth about $34,000. Commonwealth Equity Services LLC lifted its position in shares of John Hancock Preferred Income Fund III by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 107,801 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,128 shares in the last quarter. Finally, US Bancorp DE bought a new stake in shares of John Hancock Preferred Income Fund III during the third quarter valued at approximately $76,000.

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.