69,433 Shares in John Hancock Preferred Income Fund III $HPS Bought by Albion Financial Group UT

Albion Financial Group UT acquired a new stake in John Hancock Preferred Income Fund III (NYSE:HPS) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 69,433 shares of the company’s stock, valued at approximately $1,072,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in shares of John Hancock Preferred Income Fund III in the second quarter worth about $52,000. Wolverine Asset Management LLC acquired a new position in John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $59,000. Fifth Third Bancorp bought a new position in John Hancock Preferred Income Fund III in the 2nd quarter valued at approximately $72,000. Focus Financial Network Inc. boosted its position in John Hancock Preferred Income Fund III by 10.9% in the second quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock valued at $163,000 after buying an additional 1,116 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in shares of John Hancock Preferred Income Fund III during the second quarter worth $189,000.

John Hancock Preferred Income Fund III Price Performance

NYSE HPS opened at $14.46 on Tuesday. John Hancock Preferred Income Fund III has a twelve month low of $13.08 and a twelve month high of $15.68. The business’s fifty day moving average is $14.92 and its 200 day moving average is $14.80.

John Hancock Preferred Income Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Thursday, December 11th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 9.1%.

About John Hancock Preferred Income Fund III

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.