Key Points
- Director Christine Hurtsellers purchased 809 shares of John Hancock Preferred Income Fund III at an average price of $14.83 for a total of $11,997.47, a transaction disclosed in an SEC filing and representing an increase from zero holdings.
- The fund declared a monthly dividend of $0.11 payable May 29 with an ex-dividend/record date of May 11, implying an annualized yield of about 8.9%.
- Shares trade near $14.81 (50-day avg $14.49, 200-day avg $14.68) with a one-year range of $13.80–$15.68, and several institutions (notably PNC) have recently boosted or initiated positions in HPS.
John Hancock Preferred Income Fund III (NYSE:HPS - Get Free Report) Director Christine Hurtsellers bought 809 shares of the company's stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average price of $14.83 per share, for a total transaction of $11,997.47. Following the acquisition, the director owned 809 shares in the company, valued at approximately $11,997.47. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
John Hancock Preferred Income Fund III Trading Down 0.3%
Shares of John Hancock Preferred Income Fund III stock opened at $14.81 on Friday. The firm's 50-day moving average is $14.49 and its 200 day moving average is $14.68. John Hancock Preferred Income Fund III has a 1 year low of $13.80 and a 1 year high of $15.68.
John Hancock Preferred Income Fund III Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 11th will be paid a $0.11 dividend. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 8.9%.
Hedge Funds Weigh In On John Hancock Preferred Income Fund III
A number of hedge funds have recently bought and sold shares of HPS. PNC Financial Services Group Inc. boosted its stake in John Hancock Preferred Income Fund III by 2,816.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company's stock worth $30,000 after purchasing an additional 2,000 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III during the first quarter valued at $92,000. Kestra Advisory Services LLC purchased a new stake in shares of John Hancock Preferred Income Fund III during the fourth quarter valued at $92,000. Cherry Creek Investment Advisors Inc. purchased a new stake in shares of John Hancock Preferred Income Fund III during the fourth quarter valued at $144,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of John Hancock Preferred Income Fund III during the third quarter valued at $159,000.
John Hancock Preferred Income Fund III Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
