B. Riley Wealth Advisors Inc. Buys New Shares in John Hancock Preferred Income Fund III (NYSE:HPS)

B. Riley Wealth Advisors Inc. purchased a new position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) in the third quarter, according to its most recent filing with the SEC. The firm purchased 10,226 shares of the company’s stock, valued at approximately $176,000.

Several other hedge funds have also recently made changes to their positions in HPS. US Bancorp DE bought a new stake in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at about $76,000. Pine Valley Investments Ltd Liability Co boosted its holdings in shares of John Hancock Preferred Income Fund III by 10.6% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 18,841 shares of the company’s stock worth $298,000 after buying an additional 1,800 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $2,512,000. Commonwealth Equity Services LLC increased its stake 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 acquiring an additional 3,128 shares in the last quarter. Finally, Fiera Capital Corp lifted its position in shares of John Hancock Preferred Income Fund III by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock valued at $1,465,000 after acquiring an additional 627 shares during the period.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE HPS opened at $14.94 on Monday. John Hancock Preferred Income Fund III has a 12-month low of $13.85 and a 12-month high of $17.25. The company’s fifty day simple moving average is $15.81 and its 200 day simple moving average is $16.07.

John Hancock Preferred Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.32 annualized dividend and a dividend yield of 8.84%.

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.