Janney Montgomery Scott LLC Sells 1,401 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

Janney Montgomery Scott LLC trimmed its holdings in shares of John Hancock Preferred Income Fund III (NYSE:HPSGet Rating) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,684 shares of the company’s stock after selling 1,401 shares during the period. Janney Montgomery Scott LLC’s holdings in John Hancock Preferred Income Fund III were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in John Hancock Preferred Income Fund III by 1.6% during the 1st quarter. Bank of America Corp DE now owns 51,794 shares of the company’s stock worth $930,000 after acquiring an additional 817 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of John Hancock Preferred Income Fund III by 8.0% in the 2nd quarter. Wedbush Securities Inc. now owns 25,935 shares of the company’s stock valued at $409,000 after buying an additional 1,932 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of John Hancock Preferred Income Fund III by 17.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,425 shares of the company’s stock valued at $259,000 after buying an additional 2,180 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of John Hancock Preferred Income Fund III by 18.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,958 shares of the company’s stock valued at $269,000 after buying an additional 2,300 shares in the last quarter. Finally, Selway Asset Management boosted its holdings in shares of John Hancock Preferred Income Fund III by 5.9% in the 2nd quarter. Selway Asset Management now owns 46,560 shares of the company’s stock valued at $734,000 after buying an additional 2,610 shares in the last quarter.

John Hancock Preferred Income Fund III Stock Performance

NYSE:HPS opened at $15.04 on Wednesday. John Hancock Preferred Income Fund III has a fifty-two week low of $13.71 and a fifty-two week high of $18.11. The company’s 50-day simple moving average is $14.71 and its 200-day simple moving average is $15.26.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Thursday, January 12th.

John Hancock Preferred Income Fund III Company Profile

(Get Rating)

John Hancock Preferred Income Fund III operates as a closed-end management investment company. It seeks to provide a high level of current income consistent with preservation of capital by investing in securities that, in the opinion of the Advisor, may be undervalued relative to similar securities in the marketplace.

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Institutional Ownership by Quarter for John Hancock Preferred Income Fund III (NYSE:HPS)

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