John Hancock Preferred Income Fund III (NYSE:HPS) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,402 shares of the company’s stock after selling 750 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in John Hancock Preferred Income Fund III were worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Trust Co. acquired a new stake in shares of John Hancock Preferred Income Fund III in the third quarter worth $153,000. Golden Green Inc. grew its position in John Hancock Preferred Income Fund III by 2.4% during the 3rd quarter. Golden Green Inc. now owns 43,769 shares of the company’s stock worth $583,000 after purchasing an additional 1,027 shares during the period. Ramirez Asset Management Inc. purchased a new position in shares of John Hancock Preferred Income Fund III during the 3rd quarter valued at about $47,000. Finally, OneAscent Financial Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at about $180,000.

John Hancock Preferred Income Fund III Stock Performance

Shares of HPS opened at $15.11 on Wednesday. John Hancock Preferred Income Fund III has a 52 week low of $11.79 and a 52 week high of $15.55. The stock’s 50-day moving average price is $15.08 and its 200-day moving average price is $14.08.

John Hancock Preferred Income Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.74%.

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.