John Hancock Preferred Income Fund III (NYSE:HPS) Trading Up 0.5%

John Hancock Preferred Income Fund III (NYSE:HPS)’s share price was up 0.5% on Monday . The company traded as high as $20.17 and last traded at $20.12, approximately 2,874 shares traded hands during mid-day trading. A decline of 95% from the average daily volume of 62,029 shares. The stock had previously closed at $20.02.

The business’s 50-day moving average is $19.27 and its two-hundred day moving average is $19.06.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.122 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date is Thursday, September 12th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC bought a new position in John Hancock Preferred Income Fund III in the second quarter valued at $402,000. Ladenburg Thalmann Financial Services Inc. grew its position in John Hancock Preferred Income Fund III by 33.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 33,605 shares of the company’s stock valued at $649,000 after purchasing an additional 8,460 shares in the last quarter. Bank of America Corp DE grew its position in John Hancock Preferred Income Fund III by 4.0% in the second quarter. Bank of America Corp DE now owns 73,409 shares of the company’s stock valued at $1,419,000 after purchasing an additional 2,839 shares in the last quarter. Invesco Ltd. grew its position in John Hancock Preferred Income Fund III by 4.1% in the second quarter. Invesco Ltd. now owns 257,238 shares of the company’s stock valued at $4,973,000 after purchasing an additional 10,198 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in John Hancock Preferred Income Fund III by 37.6% in the second quarter. Wells Fargo & Company MN now owns 56,339 shares of the company’s stock valued at $1,089,000 after purchasing an additional 15,381 shares in the last quarter.

About John Hancock Preferred Income Fund III (NYSE:HPS)

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

Recommended Story: Price-Sales Ratio

Receive News & Ratings for John Hancock Preferred Income Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund III and related companies with MarketBeat.com's FREE daily email newsletter.