Insider Buying: John Hancock Preferred Income Fund III (NYSE:HPS) Director Purchases $11,997.47 in Stock

John Hancock Preferred Income Fund III (NYSE:HPS) Director Christine Hurtsellers acquired 809 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $14.83 per share, with a total value of $11,997.47. Following the acquisition, the director directly owned 809 shares of the company’s stock, valued at $11,997.47. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Hancock Preferred Income Fund III Price Performance

Shares of HPS opened at $14.92 on Friday. John Hancock Preferred Income Fund III has a 12-month low of $13.80 and a 12-month high of $15.68. The firm has a 50-day moving average price of $14.49 and a 200 day moving average price of $14.68.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Arkfeld Wealth Strategies L.L.C. lifted its position in John Hancock Preferred Income Fund III by 3.4% in the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 25,464 shares of the company’s stock valued at $368,000 after buying an additional 844 shares during the last quarter. Bank of America Corp DE lifted its position in John Hancock Preferred Income Fund III by 0.6% in the third quarter. Bank of America Corp DE now owns 147,907 shares of the company’s stock valued at $2,284,000 after buying an additional 898 shares during the last quarter. Focus Financial Network Inc. lifted its position in John Hancock Preferred Income Fund III by 8.5% in the fourth quarter. Focus Financial Network Inc. now owns 12,716 shares of the company’s stock valued at $183,000 after buying an additional 1,000 shares during the last quarter. HighTower Advisors LLC lifted its position in John Hancock Preferred Income Fund III by 6.7% in the fourth quarter. HighTower Advisors LLC now owns 22,666 shares of the company’s stock valued at $327,000 after buying an additional 1,433 shares during the last quarter. Finally, Post Resch Tallon Group Inc. lifted its position in John Hancock Preferred Income Fund III by 6.4% in the third quarter. Post Resch Tallon Group Inc. now owns 25,407 shares of the company’s stock valued at $392,000 after buying an additional 1,533 shares during the last quarter.

John Hancock Preferred Income Fund III Company Profile

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.