John Hancock Preferred Income Fund III (NYSE:HPS) Shares Sold by UBS Group AG

UBS Group AG reduced its position in John Hancock Preferred Income Fund III (NYSE:HPS – Get Rating) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 506,531 shares of the company’s stock after selling 24,694 shares during the quarter. UBS Group AG’s holdings in John Hancock Preferred Income Fund III were worth $7,309,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HPS. Captrust Financial Advisors acquired a new position in John Hancock Preferred Income Fund III in the 2nd quarter valued at $103,000. Atria Wealth Solutions Inc. acquired a new stake in shares of John Hancock Preferred Income Fund III in the 1st quarter worth $203,000. NewEdge Advisors LLC increased its stake 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 worth $259,000 after acquiring an additional 2,180 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake 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 worth $269,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Cetera Advisor Networks LLC acquired a new stake in shares of John Hancock Preferred Income Fund III in the 1st quarter worth $285,000.

John Hancock Preferred Income Fund III Stock Down 0.7 %

Shares of HPS opened at $13.35 on Thursday. John Hancock Preferred Income Fund III has a 52-week low of $12.94 and a 52-week high of $17.74. The stock has a fifty day simple moving average of $13.98 and a two-hundred day simple moving average of $14.56.

John Hancock Preferred Income Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Thursday, May 11th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date is Wednesday, May 10th.

About John Hancock Preferred Income Fund III

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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.