Cetera Investment Advisers Buys 21,649 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Cetera Investment Advisers boosted its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 136,659 shares of the company’s stock after acquiring an additional 21,649 shares during the period. Cetera Investment Advisers’ holdings in John Hancock Preferred Income Fund III were worth $2,054,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in HPS. Invesco Ltd. increased its stake in shares of John Hancock Preferred Income Fund III by 10.8% in the fourth quarter. Invesco Ltd. now owns 227,301 shares of the company’s stock worth $3,416,000 after purchasing an additional 22,161 shares in the last quarter. LPL Financial LLC increased its stake in shares of John Hancock Preferred Income Fund III by 112.0% in the fourth quarter. LPL Financial LLC now owns 212,722 shares of the company’s stock worth $3,197,000 after purchasing an additional 112,363 shares in the last quarter. Bank of America Corp DE increased its stake in shares of John Hancock Preferred Income Fund III by 17.2% in the fourth quarter. Bank of America Corp DE now owns 88,942 shares of the company’s stock worth $1,337,000 after purchasing an additional 13,057 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in shares of John Hancock Preferred Income Fund III by 153.9% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 49,357 shares of the company’s stock worth $742,000 after purchasing an additional 29,916 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of John Hancock Preferred Income Fund III in the fourth quarter worth about $698,000.

John Hancock Preferred Income Fund III Trading Down 0.3%

HPS opened at $14.40 on Tuesday. The firm has a 50-day moving average price of $14.47 and a 200-day moving average price of $14.98. John Hancock Preferred Income Fund III has a twelve month low of $13.08 and a twelve month high of $17.25.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be paid a $0.11 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.32 annualized dividend and a dividend yield of 9.17%.

John Hancock Preferred Income Fund III Company Profile

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.