Pine Valley Investments Ltd Liability Co Grows Position in John Hancock Preferred Income Fund III (NYSE:HPS)

Pine Valley Investments Ltd Liability Co boosted its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 153.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,357 shares of the company’s stock after acquiring an additional 29,916 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in John Hancock Preferred Income Fund III were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp boosted its holdings in 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. Wolverine Asset Management LLC purchased a new position in John Hancock Preferred Income Fund III during the 4th quarter valued at about $399,000. Janney Montgomery Scott LLC purchased a new position in John Hancock Preferred Income Fund III during the 4th quarter valued at about $358,000. Tallon Kerry Patrick purchased a new position in John Hancock Preferred Income Fund III during the 4th quarter valued at about $360,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in John Hancock Preferred Income Fund III during the 3rd quarter valued at about $176,000.

John Hancock Preferred Income Fund III Trading Down 0.0 %

Shares of HPS opened at $15.27 on Thursday. The stock has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $15.80. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.65%. The ex-dividend date of this dividend is Thursday, February 13th.

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.