John Hancock Preferred Income Fund III (NYSE:HPS) Share Price Passes Above 50 Day Moving Average – What’s Next?

John Hancock Preferred Income Fund III (NYSE:HPS)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.51 and traded as high as $14.74. John Hancock Preferred Income Fund III shares last traded at $14.5750, with a volume of 33,360 shares.

John Hancock Preferred Income Fund III Stock Performance

The business has a 50 day moving average price of $14.51 and a 200-day moving average price of $14.74.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 13th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Albion Financial Group UT bought a new stake in John Hancock Preferred Income Fund III in the 3rd quarter valued at $1,072,000. Kestra Advisory Services LLC bought a new stake in John Hancock Preferred Income Fund III in the 4th quarter valued at $92,000. Fiera Capital Corp raised its stake in John Hancock Preferred Income Fund III by 18.1% in the 4th quarter. Fiera Capital Corp now owns 115,546 shares of the company’s stock valued at $1,665,000 after acquiring an additional 17,726 shares during the period. J.W. Cole Advisors Inc. raised its stake in John Hancock Preferred Income Fund III by 10.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 60,647 shares of the company’s stock valued at $874,000 after acquiring an additional 5,770 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in John Hancock Preferred Income Fund III by 2,816.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares during the period.

John Hancock Preferred Income Fund III Company Profile

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.