Fifth Third Bancorp Acquires New Position in John Hancock Preferred Income Fund III $HPS

Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,033 shares of the company’s stock, valued at approximately $72,000.

Several other hedge funds also recently made changes to their positions in the company. Focus Financial Network Inc. increased its holdings in shares of John Hancock Preferred Income Fund III by 10.9% in the 2nd quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock valued at $163,000 after acquiring an additional 1,116 shares during the last quarter. Royal Bank of Canada boosted its holdings in John Hancock Preferred Income Fund III by 11.4% in the first 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 during the period. Bank of America Corp DE increased its stake in John Hancock Preferred Income Fund III by 17.2% during the fourth quarter. Bank of America Corp DE now owns 88,942 shares of the company’s stock valued at $1,337,000 after purchasing an additional 13,057 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III during the second quarter valued at $326,000. Finally, LPL Financial LLC raised its holdings in shares of John Hancock Preferred Income Fund III by 18.8% during the first quarter. LPL Financial LLC now owns 252,703 shares of the company’s stock worth $3,791,000 after purchasing an additional 39,981 shares during the period.

John Hancock Preferred Income Fund III Stock Performance

John Hancock Preferred Income Fund III stock opened at $15.62 on Friday. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $17.25. The firm’s 50-day moving average is $14.89 and its 200-day moving average is $14.52.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 14th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, October 14th.

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.