John Hancock Preferred Income Fund III (NYSE:HPS) Stock Crosses Below Fifty Day Moving Average of $13.95

Shares of John Hancock Preferred Income Fund III (NYSE:HPSGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.95 and traded as low as $13.69. John Hancock Preferred Income Fund III shares last traded at $13.70, with a volume of 32,528 shares traded.

John Hancock Preferred Income Fund III Price Performance

The company has a 50-day simple moving average of $13.95 and a two-hundred day simple moving average of $13.98.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 11th will be paid a $0.11 dividend. The ex-dividend date is Friday, September 8th. This represents a $1.32 annualized dividend and a dividend yield of 9.64%.

Institutional Trading of John Hancock Preferred Income Fund III

Hedge funds have recently made changes to their positions in the company. Ahrens Investment Partners LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the first quarter valued at $26,000. Barrett & Company Inc. bought a new stake in shares of John Hancock Preferred Income Fund III in the first quarter valued at $29,000. Cullen Frost Bankers Inc. bought a new stake in shares of John Hancock Preferred Income Fund III in the second quarter valued at $43,000. Ameritas Advisory Services LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the first quarter valued at $60,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of John Hancock Preferred Income Fund III in the first quarter valued at $94,000.

About John Hancock Preferred Income Fund III

(Get Free Report)

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.

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