John Hancock Preferred Income Fund III (NYSE:HPS) Stock Crosses Above 50-Day Moving Average of $18.87

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John Hancock Preferred Income Fund III (NYSE:HPS)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.87 and traded as high as $19.13. John Hancock Preferred Income Fund III shares last traded at $19.13, with a volume of 400 shares trading hands.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a $0.122 dividend. This represents a $1.46 annualized dividend and a yield of 7.66%. The ex-dividend date is Wednesday, June 12th.

A number of institutional investors have recently made changes to their positions in the stock. Cohen & Steers Inc. grew its holdings in shares of John Hancock Preferred Income Fund III by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 333,384 shares of the company’s stock valued at $5,281,000 after purchasing an additional 16,631 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in shares of John Hancock Preferred Income Fund III by 6.3% during the first quarter. Cetera Advisor Networks LLC now owns 79,481 shares of the company’s stock valued at $1,486,000 after purchasing an additional 4,699 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of John Hancock Preferred Income Fund III by 8.2% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 51,664 shares of the company’s stock valued at $968,000 after purchasing an additional 3,905 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of John Hancock Preferred Income Fund III by 4.7% during the first quarter. Wedbush Securities Inc. now owns 17,653 shares of the company’s stock valued at $331,000 after purchasing an additional 792 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of John Hancock Preferred Income Fund III by 27.3% during the fourth quarter. Advisor Group Inc. now owns 12,457 shares of the company’s stock valued at $197,000 after purchasing an additional 2,673 shares during the last quarter.

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John Hancock Preferred Income Fund III Company Profile (NYSE:HPS)

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

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