1,900 Shares in John Hancock Preferred Income Fund III (NYSE:HPS) Purchased by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC purchased a new position in John Hancock Preferred Income Fund III (NYSE:HPS) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,900 shares of the company’s stock, valued at approximately $37,000.

Other large investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its stake in shares of John Hancock Preferred Income Fund III by 35.9% in the second quarter. NEXT Financial Group Inc now owns 5,194 shares of the company’s stock worth $100,000 after acquiring an additional 1,372 shares in the last quarter. Advisor Group Inc. raised its stake in John Hancock Preferred Income Fund III by 27.3% during the fourth quarter. Advisor Group Inc. now owns 12,457 shares of the company’s stock valued at $197,000 after buying an additional 2,673 shares in the last quarter. Wedbush Securities Inc. raised its stake in John Hancock Preferred Income Fund III by 4.7% during the first quarter. Wedbush Securities Inc. now owns 17,653 shares of the company’s stock valued at $331,000 after buying an additional 792 shares in the last quarter. OLD National Bancorp IN raised its stake in John Hancock Preferred Income Fund III by 13.8% during the second quarter. OLD National Bancorp IN now owns 34,459 shares of the company’s stock valued at $666,000 after buying an additional 4,169 shares in the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV raised its stake in John Hancock Preferred Income Fund III by 8.2% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 51,664 shares of the company’s stock valued at $968,000 after buying an additional 3,905 shares in the last quarter.

NYSE HPS traded up $0.09 on Wednesday, hitting $19.54. 1,468 shares of the stock traded hands, compared to its average volume of 57,539. The company has a 50-day moving average price of $19.29. John Hancock Preferred Income Fund III has a twelve month low of $14.53 and a twelve month high of $19.54.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.122 per share. This represents a $1.46 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, July 10th.

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 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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