John Hancock Preferred Income Fund III (NYSE:HPS) Stock Passes Below 50-Day Moving Average – Here’s What Happened

John Hancock Preferred Income Fund III (NYSE:HPS – Get Free Report)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.52 and traded as low as $14.29. John Hancock Preferred Income Fund III shares last traded at $14.3250, with a volume of 53,052 shares.

John Hancock Preferred Income Fund III Trading Up 0.1%

The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $14.55.

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John Hancock Preferred Income Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.11 per share. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Thursday, June 11th.

Institutional Investors Weigh In On John Hancock Preferred Income Fund III

Several large investors have recently modified their holdings of HPS. PNC Financial Services Group Inc. raised its stake in shares of John Hancock Preferred Income Fund III by 2,816.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,071 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of John Hancock Preferred Income Fund III during the first quarter worth approximately $92,000. Kestra Advisory Services LLC purchased a new stake in shares of John Hancock Preferred Income Fund III during the fourth quarter worth approximately $92,000. Cherry Creek Investment Advisors Inc. purchased a new position in John Hancock Preferred Income Fund III in the fourth quarter worth $144,000. Finally, Stratos Wealth Partners LTD. purchased a new position in John Hancock Preferred Income Fund III in the third quarter worth $159,000.

John Hancock Preferred Income Fund III Company Profile

(Get Free Report)

John Hancock Preferred Income Fund III (NYSE:HPS) is a publicly traded, closed-end management investment company that seeks to provide a high level of current income. The fund offers investors access to a diversified portfolio of income-producing securities, with a primary focus on preferred stocks and similar instruments. As a closed-end fund, HPS issues a fixed number of shares that trade on the New York Stock Exchange, allowing investors to participate in its income strategy through the open market.

The fund pursues its objective by investing primarily in preferred securities of U.S.

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