Wolverine Asset Management LLC Invests $399,000 in John Hancock Preferred Income Fund III (NYSE:HPS)

Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund III (NYSE:HPS) during the 4th quarter, HoldingsChannel reports. The fund bought 26,551 shares of the company’s stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HPS. Fiera Capital Corp lifted its position in John Hancock Preferred Income Fund III by 0.7% in the third quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock valued at $1,465,000 after purchasing an additional 627 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the 4th quarter worth approximately $358,000. Tallon Kerry Patrick acquired a new stake in shares of John Hancock Preferred Income Fund III in the 4th quarter valued at approximately $360,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of John Hancock Preferred Income Fund III in the third quarter valued at approximately $176,000. Finally, US Bancorp DE acquired a new position in John Hancock Preferred Income Fund III during the third quarter worth $76,000.

John Hancock Preferred Income Fund III Trading Down 0.3 %

NYSE:HPS opened at $15.37 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 fifty day moving average price of $15.03 and a two-hundred day moving average price of $15.81.

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 issued a $0.11 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.59%.

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.