Sowell Financial Services LLC Makes New Investment in John Hancock Preferred Income Fund III (NYSE:HPS)

Sowell Financial Services LLC purchased a new stake in shares of John Hancock Preferred Income Fund III (NYSE:HPS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,435 shares of the company’s stock, valued at approximately $698,000.

A number of other institutional investors have also made changes to their positions in the stock. US Bancorp DE acquired a new position in shares of John Hancock Preferred Income Fund III in the third quarter valued at approximately $76,000. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $176,000. Wolverine Asset Management LLC acquired a new position in John Hancock Preferred Income Fund III during the 4th quarter worth approximately $399,000. Pine Valley Investments Ltd Liability Co grew its holdings in John Hancock Preferred Income Fund III by 153.9% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 49,357 shares of the company’s stock worth $742,000 after acquiring an additional 29,916 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $34,000.

John Hancock Preferred Income Fund III Trading Up 0.2 %

NYSE HPS opened at $14.87 on Wednesday. John Hancock Preferred Income Fund III has a 52 week low of $14.09 and a 52 week high of $17.25. The firm has a 50 day moving average of $15.08 and a two-hundred day moving average of $15.74.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 8.88%. The ex-dividend date is Thursday, March 13th.

John Hancock Preferred Income Fund III Company 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.