John Hancock Preferred Income Fund III (NYSE:HPS) Shares Pass Above Fifty Day Moving Average of $15.12

John Hancock Preferred Income Fund III (NYSE:HPS) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.12 and traded as high as $15.26. John Hancock Preferred Income Fund III shares last traded at $15.18, with a volume of 44,323 shares traded.

John Hancock Preferred Income Fund III Stock Performance

The business has a 50-day moving average price of $15.12 and a 200-day moving average price of $14.18.

John Hancock Preferred Income Fund III Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Thursday, April 11th were given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Wednesday, April 10th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Institutional investors have recently added to or reduced their stakes in the stock. Concourse Financial Group Securities Inc. bought a new stake in John Hancock Preferred Income Fund III during the first quarter valued at about $25,000. Activest Wealth Management bought a new stake in John Hancock Preferred Income Fund III during the fourth quarter valued at about $31,000. Global Retirement Partners LLC boosted its position in John Hancock Preferred Income Fund III by 255.1% during the fourth quarter. Global Retirement Partners LLC now owns 2,713 shares of the company’s stock valued at $39,000 after purchasing an additional 1,949 shares in the last quarter. Ramirez Asset Management Inc. bought a new stake in John Hancock Preferred Income Fund III during the third quarter valued at about $47,000. Finally, Everpar Advisors LLC bought a new stake in John Hancock Preferred Income Fund III during the first quarter valued at about $170,000.

John Hancock Preferred Income Fund III Company 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.