Burney Co. Sells 8,900 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Burney Co. cut its position in John Hancock Preferred Income Fund III (NYSE:HPS) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,735 shares of the company’s stock after selling 8,900 shares during the quarter. Burney Co.’s holdings in John Hancock Preferred Income Fund III were worth $344,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. acquired a new stake in shares of John Hancock Preferred Income Fund III in the first quarter valued at about $25,000. Global Retirement Partners LLC boosted its stake in John Hancock Preferred Income Fund III by 58.6% during the 1st quarter. Global Retirement Partners LLC now owns 4,302 shares of the company’s stock valued at $66,000 after purchasing an additional 1,589 shares during the period. Cetera Advisors LLC acquired a new stake in John Hancock Preferred Income Fund III in the 1st quarter valued at approximately $199,000. Pine Valley Investments Ltd Liability Co increased its position in John Hancock Preferred Income Fund III by 46.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 17,141 shares of the company’s stock worth $242,000 after buying an additional 5,400 shares during the period. Finally, Activest Wealth Management lifted its holdings in shares of John Hancock Preferred Income Fund III by 899.9% during the first quarter. Activest Wealth Management now owns 22,167 shares of the company’s stock worth $342,000 after buying an additional 19,950 shares during the last quarter.

John Hancock Preferred Income Fund III Stock Up 0.2 %

Shares of HPS traded up $0.03 during mid-day trading on Friday, hitting $16.38. The company’s stock had a trading volume of 11,970 shares, compared to its average volume of 53,305. John Hancock Preferred Income Fund III has a one year low of $11.79 and a one year high of $16.44. The stock’s 50-day moving average is $15.97 and its two-hundred day moving average is $15.49.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, August 12th. This represents a $1.32 annualized dividend and a dividend yield of 8.06%.

About John Hancock Preferred Income Fund III

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.