Burney Co. Lowers Position in John Hancock Preferred Income Fund III $HPS

Burney Co. decreased its stake in John Hancock Preferred Income Fund III (NYSE:HPS) by 33.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 13,040 shares of the company’s stock after selling 6,535 shares during the period. Burney Co.’s holdings in John Hancock Preferred Income Fund III were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HPS. Ameritas Advisory Services LLC purchased a new position in shares of John Hancock Preferred Income Fund III during the 2nd quarter valued at about $52,000. Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $59,000. Fifth Third Bancorp bought a new stake in John Hancock Preferred Income Fund III during the 2nd quarter worth approximately $72,000. Focus Financial Network Inc. lifted its holdings in John Hancock Preferred Income Fund III by 10.9% during the second quarter. Focus Financial Network Inc. now owns 11,398 shares of the company’s stock valued at $163,000 after purchasing an additional 1,116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of John Hancock Preferred Income Fund III in the second quarter worth approximately $326,000.

John Hancock Preferred Income Fund III Price Performance

Shares of NYSE HPS opened at $15.44 on Friday. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $16.45. The firm has a fifty day moving average price of $15.30 and a 200-day moving average price of $14.68.

John Hancock Preferred Income Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

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.