John Hancock Preferred Income Fund III (NYSE:HPS) Shares Sold by Activest Wealth Management

Activest Wealth Management trimmed its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 22.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 87,673 shares of the company’s stock after selling 24,791 shares during the period. Activest Wealth Management’s holdings in John Hancock Preferred Income Fund III were worth $1,318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HPS. Fifth Third Bancorp purchased a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at approximately $41,000. Janney Montgomery Scott LLC purchased a new stake in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at $358,000. Tallon Kerry Patrick purchased a new stake in shares of John Hancock Preferred Income Fund III in the fourth quarter valued at $360,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of John Hancock Preferred Income Fund III in the third quarter worth $176,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of John Hancock Preferred Income Fund III during the third quarter valued at $34,000.

John Hancock Preferred Income Fund III Price Performance

Shares of John Hancock Preferred Income Fund III stock opened at $15.29 on Monday. John Hancock Preferred Income Fund III has a 1 year low of $14.09 and a 1 year high of $17.25. The stock has a 50-day moving average price of $15.05 and a 200 day moving average price of $15.84.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date of this dividend is Thursday, February 13th.

John Hancock Preferred Income Fund III 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.