Key Points
- Director Kenneth Phelan purchased 683 shares on January 26 at an average price of $14.65, a total outlay of $10,005.95, and now directly owns those 683 shares.
- The fund declared a monthly dividend of $0.11 per share payable January 30 (record date January 12), which equates to an annualized yield of 9.1%.
- HPS opened at $14.55 (down 0.3%), trading near its 50-day ($14.59) and 200-day ($14.85) moving averages with a 1-year range of $13.08–$15.68.
John Hancock Preferred Income Fund III (NYSE:HPS - Get Free Report) Director Kenneth Phelan purchased 683 shares of the business's stock in a transaction dated Monday, January 26th. The shares were purchased at an average cost of $14.65 per share, for a total transaction of $10,005.95. Following the completion of the purchase, the director directly owned 683 shares of the company's stock, valued at approximately $10,005.95. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
John Hancock Preferred Income Fund III Stock Down 0.3%
John Hancock Preferred Income Fund III stock opened at $14.55 on Wednesday. The business has a 50 day moving average of $14.59 and a 200-day moving average of $14.85. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $15.68.
John Hancock Preferred Income Fund III Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be given a $0.11 dividend. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, January 12th.
Institutional Trading of John Hancock Preferred Income Fund III
Institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in John Hancock Preferred Income Fund III by 11.4% in the first quarter. Royal Bank of Canada now owns 51,471 shares of the company's stock valued at $772,000 after purchasing an additional 5,264 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of John Hancock Preferred Income Fund III in the second quarter valued at about $326,000. Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III during the second quarter worth about $72,000. Ameritas Advisory Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the second quarter worth approximately $52,000. Finally, Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund III in the second quarter valued at approximately $59,000.
About John Hancock Preferred Income Fund III
(
Get Free Report)
John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.
The fund pursues its objective by investing primarily in preferred securities of U.S.
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