Western Wealth Management LLC Sells 6,203 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Western Wealth Management LLC reduced its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,270 shares of the company’s stock after selling 6,203 shares during the quarter. Western Wealth Management LLC’s holdings in John Hancock Preferred Income Fund III were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BankPlus Trust Department purchased a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at $38,000. Fifth Third Bancorp bought a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter worth about $41,000. Mariner LLC bought a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter worth about $223,000. Walleye Capital LLC purchased a new stake in shares of John Hancock Preferred Income Fund III during the 4th quarter valued at about $272,000. Finally, Raymond James Financial Inc. bought a new position in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at about $311,000.

John Hancock Preferred Income Fund III Trading Down 0.5%

HPS opened at $14.17 on Friday. The stock has a 50-day moving average of $14.43 and a 200 day moving average of $14.96. John Hancock Preferred Income Fund III has a 12 month low of $13.08 and a 12 month high of $17.25.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 12th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 9.32%. The ex-dividend date of this dividend is Monday, May 12th.

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.