Ameritas Advisory Services LLC Makes New $52,000 Investment in John Hancock Preferred Income Fund III $HPS

Ameritas Advisory Services LLC bought a new position in John Hancock Preferred Income Fund III (NYSE:HPS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,618 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new position in shares of John Hancock Preferred Income Fund III during the 2nd quarter valued at $72,000. Focus Financial Network Inc. purchased a new position in John Hancock Preferred Income Fund III during the first quarter worth about $154,000. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Preferred Income Fund III during the second quarter worth about $326,000. Royal Bank of Canada grew its position in John Hancock Preferred Income Fund III by 11.4% during the first quarter. Royal Bank of Canada now owns 51,471 shares of the company’s stock worth $772,000 after buying an additional 5,264 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new position in John Hancock Preferred Income Fund III during the first quarter worth about $845,000.

John Hancock Preferred Income Fund III Price Performance

HPS stock opened at $15.29 on Monday. John Hancock Preferred Income Fund III has a one year low of $13.08 and a one year high of $17.01. The firm has a 50 day simple moving average of $15.03 and a two-hundred day simple moving average of $14.53.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, October 14th. This represents a c) annualized dividend and a yield of 8.6%.

John Hancock Preferred Income Fund III 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.