Focus Financial Network Inc. Buys 1,116 Shares of John Hancock Preferred Income Fund III $HPS

Focus Financial Network Inc. raised its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,398 shares of the company’s stock after acquiring an additional 1,116 shares during the quarter. Focus Financial Network Inc.’s holdings in John Hancock Preferred Income Fund III were worth $163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. bought a new position in shares of John Hancock Preferred Income Fund III during the 1st quarter worth approximately $845,000. LPL Financial LLC boosted its holdings in shares of John Hancock Preferred Income Fund III by 18.8% during the 1st quarter. LPL Financial LLC now owns 252,703 shares of the company’s stock worth $3,791,000 after buying an additional 39,981 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of John Hancock Preferred Income Fund III by 17.2% during the 4th quarter. Bank of America Corp DE now owns 88,942 shares of the company’s stock worth $1,337,000 after buying an additional 13,057 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of John Hancock Preferred Income Fund III by 11.4% in the 1st quarter. Royal Bank of Canada now owns 51,471 shares of the company’s stock worth $772,000 after purchasing an additional 5,264 shares in the last quarter.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS opened at $15.40 on Monday. The stock’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $14.48. John Hancock Preferred Income Fund III has a 1-year low of $13.08 and a 1-year 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 Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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.