Partnervest Advisory Services LLC boosted its stake in shares of John Hancock Preferred Income Fund III (NYSE:HPS) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,533 shares of the company’s stock after buying an additional 940 shares during the period. Partnervest Advisory Services LLC’s holdings in John Hancock Preferred Income Fund III were worth $451,000 at the end of the most recent reporting period.

Separately, Stratos Wealth Partners LTD. increased its position in shares of John Hancock Preferred Income Fund III by 88.1% in the second quarter. Stratos Wealth Partners LTD. now owns 22,050 shares of the company’s stock valued at $422,000 after buying an additional 10,325 shares in the last quarter.

John Hancock Preferred Income Fund III (HPS) opened at 18.99 on Thursday. The firm’s 50-day moving average is $19.11 and its 200 day moving average is $18.72. John Hancock Preferred Income Fund III has a 12 month low of $16.25 and a 12 month high of $20.25.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be issued a dividend of $0.1222 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Wednesday, August 9th.

TRADEMARK VIOLATION NOTICE: “John Hancock Preferred Income Fund III (NYSE:HPS) Shares Bought by Partnervest Advisory Services LLC” was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/10/john-hancock-preferred-income-fund-iii-nysehps-shares-bought-by-partnervest-advisory-services-llc.html.

John Hancock Preferred Income Fund III Company Profile

John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund seeks to provide a high level of current income consistent with preservation of capital. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.

Want to see what other hedge funds are holding HPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for John Hancock Preferred Income Fund III (NYSE:HPS).

Receive News & Ratings for John Hancock Preferred Income Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Preferred Income Fund III and related companies with MarketBeat.com's FREE daily email newsletter.