Raymond James Financial Services Advisors Inc. Sells 750 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Raymond James Financial Services Advisors Inc. lowered its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,402 shares of the company’s stock after selling 750 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in John Hancock Preferred Income Fund III were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Ramirez Asset Management Inc. purchased a new stake in shares of John Hancock Preferred Income Fund III during the third quarter worth about $47,000. Cambridge Trust Co. purchased a new stake in John Hancock Preferred Income Fund III during the 3rd quarter valued at approximately $153,000. OneAscent Financial Services LLC purchased a new stake in John Hancock Preferred Income Fund III during the 4th quarter valued at approximately $180,000. Finally, Golden Green Inc. raised its position in shares of John Hancock Preferred Income Fund III by 2.4% during the third quarter. Golden Green Inc. now owns 43,769 shares of the company’s stock valued at $583,000 after buying an additional 1,027 shares during the last quarter.

John Hancock Preferred Income Fund III Stock Performance

Shares of NYSE:HPS opened at $15.11 on Wednesday. The firm has a fifty day moving average price of $15.08 and a 200 day moving average price of $14.08. John Hancock Preferred Income Fund III has a fifty-two week low of $11.79 and a fifty-two week high of $15.55.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, April 11th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 8.74%. The ex-dividend date is Wednesday, April 10th.

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.