John Hancock Preferred Income Fund III (NYSE:HPS) Insider William K. Bacic Purchases 706 Shares of Stock

John Hancock Preferred Income Fund III (NYSE:HPS) insider William K. Bacic acquired 706 shares of John Hancock Preferred Income Fund III stock in a transaction that occurred on Tuesday, January 14th. The stock was acquired at an average price of $14.25 per share, with a total value of $10,060.50. Following the completion of the acquisition, the insider now directly owns 706 shares in the company, valued at $10,060.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Hancock Preferred Income Fund III Price Performance

HPS opened at $14.71 on Thursday. John Hancock Preferred Income Fund III has a twelve month low of $14.09 and a twelve month high of $17.25. The firm has a 50 day moving average price of $15.31 and a 200-day moving average price of $15.97.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.97%. The ex-dividend date is Monday, January 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE purchased a new position in shares of John Hancock Preferred Income Fund III in the third quarter worth approximately $76,000. B. Riley Wealth Advisors Inc. purchased a new position in John Hancock Preferred Income Fund III during the third quarter valued at $176,000. Fiera Capital Corp increased its position in 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 worth $1,465,000 after buying an additional 627 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. Finally, Tallon Kerry Patrick bought a new position in shares of John Hancock Preferred Income Fund III during the 4th quarter valued at approximately $360,000.

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.