UBS Group AG Sells 4,669 Shares of John Hancock Preferred Income Fund III (NYSE:HPS)

UBS Group AG reduced its position in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 1.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 463,456 shares of the company’s stock after selling 4,669 shares during the period. UBS Group AG’s holdings in John Hancock Preferred Income Fund III were worth $8,959,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NEXT Financial Group Inc boosted its holdings in shares of John Hancock Preferred Income Fund III by 35.9% during the 2nd quarter. NEXT Financial Group Inc now owns 5,194 shares of the company’s stock worth $100,000 after buying an additional 1,372 shares during the period. Joseph P. Lucia & Associates LLC bought a new stake in shares of John Hancock Preferred Income Fund III during the 2nd quarter worth $37,000. Wedbush Securities Inc. boosted its holdings in shares of John Hancock Preferred Income Fund III by 15.0% during the 2nd quarter. Wedbush Securities Inc. now owns 20,303 shares of the company’s stock worth $392,000 after buying an additional 2,650 shares during the period. Bank of America Corp DE boosted its holdings in shares of John Hancock Preferred Income Fund III by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 73,409 shares of the company’s stock worth $1,419,000 after buying an additional 2,839 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of John Hancock Preferred Income Fund III during the 2nd quarter worth $68,000.

NYSE HPS opened at $19.14 on Wednesday. The company has a fifty day simple moving average of $19.40 and a 200 day simple moving average of $19.11. John Hancock Preferred Income Fund III has a 1 year low of $14.53 and a 1 year high of $20.17.

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.90%. The ex-dividend date is Thursday, October 10th.

John Hancock Preferred Income Fund III Profile

John Hancock Preferred Income Fund III is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

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

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