Rothschild Investment LLC Sells 8,700 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Rothschild Investment LLC cut its holdings in John Hancock Preferred Income Fund III (NYSE:HPS) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 150,200 shares of the company’s stock after selling 8,700 shares during the period. Rothschild Investment LLC’s holdings in John Hancock Preferred Income Fund III were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $399,000. Fifth Third Bancorp bought a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $41,000. Janney Montgomery Scott LLC bought a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $358,000. Tallon Kerry Patrick bought a new position in John Hancock Preferred Income Fund III in the 4th quarter valued at $360,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in John Hancock Preferred Income Fund III in the 3rd quarter valued at $176,000.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE:HPS opened at $15.37 on Monday. The firm 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 has a one year low of $14.09 and a one year high of $17.25.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, February 13th.

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.