Raymond James Financial Services Advisors Inc. Has $287,000 Stake in John Hancock Preferred Income Fund III (NYSE:HPS)

Raymond James Financial Services Advisors Inc. lifted its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 8.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,519 shares of the company’s stock after purchasing an additional 1,539 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in John Hancock Preferred Income Fund III were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HPS. Ahrens Investment Partners LLC bought a new stake in John Hancock Preferred Income Fund III during the first quarter worth $26,000. Barrett & Company Inc. bought a new stake in John Hancock Preferred Income Fund III during the first quarter worth $29,000. Ameritas Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III during the first quarter worth $60,000. Sunbelt Securities Inc. bought a new position in John Hancock Preferred Income Fund III in the 1st quarter valued at $94,000. Finally, Captrust Financial Advisors bought a new position in John Hancock Preferred Income Fund III in the 2nd quarter valued at $103,000.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS opened at $13.25 on Friday. The business has a fifty day moving average price of $13.09 and a two-hundred day moving average price of $13.56. John Hancock Preferred Income Fund III has a 1 year low of $11.79 and a 1 year high of $16.00.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Monday, November 13th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.32 dividend on an annualized basis and a yield of 9.96%.

About John Hancock Preferred Income Fund III

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.