Janney Montgomery Scott LLC reduced its holdings in shares of John Hancock Preferred Income Fund III (NYSE:HPS – Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,260 shares of the company’s stock after selling 2,592 shares during the quarter. Janney Montgomery Scott LLC’s holdings in John Hancock Preferred Income Fund III were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Focus Financial Network Inc. acquired a new position in shares of John Hancock Preferred Income Fund III during the first quarter valued at $154,000. Mariner LLC acquired a new position in John Hancock Preferred Income Fund III during the fourth quarter valued at approximately $223,000. Walleye Capital LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at approximately $272,000. Raymond James Financial Inc. bought a new position in John Hancock Preferred Income Fund III in the fourth quarter worth $311,000. Finally, Guggenheim Capital LLC acquired a new position in John Hancock Preferred Income Fund III during the fourth quarter worth $325,000.
John Hancock Preferred Income Fund III Stock Up 0.1%
John Hancock Preferred Income Fund III stock opened at $14.47 on Friday. The stock has a 50-day simple moving average of $14.28 and a 200 day simple moving average of $14.65. John Hancock Preferred Income Fund III has a 12-month low of $13.08 and a 12-month high of $17.25.
John Hancock Preferred Income Fund III Dividend Announcement
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.
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