John Hancock Preferred Income Fund III (NYSE:HPS) Director Kenneth Phelan Acquires 683 Shares

John Hancock Preferred Income Fund III (NYSE:HPS - Get Free Report) Director Kenneth Phelan purchased 683 shares of the business's stock in a transaction dated Monday, January 26th. The shares were purchased at an average cost of $14.65 per share, for a total transaction of $10,005.95. Following the completion of the purchase, the director directly owned 683 shares of the company's stock, valued at approximately $10,005.95. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.John Hancock Preferred Income Fund III Stock Down 0.3%John Hancock Preferred Income Fund III stock opened at $14.55 on Wednesday. The business has a 50 day moving average of $14.59 and a 200-day moving average of $14.85. John Hancock Preferred Income Fund III has a 1 year low of $13.08 and a 1 year high of $15.68. John Hancock Preferred Income Fund III Dividend AnnouncementThe firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Monday, January 12th will be given a $0.11 dividend. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, January 12th. Institutional Trading of John Hancock Preferred Income Fund IIIInstitutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in John Hancock Preferred Income Fund III by 11.4% in the first quarter. Royal Bank of Canada now owns 51,471 shares of the company's stock valued at $772,000 after purchasing an additional 5,264 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of John Hancock Preferred Income Fund III in the second quarter valued at about $326,000. Fifth Third Bancorp bought a new position in shares of John Hancock Preferred Income Fund III during the second quarter worth about $72,000. Ameritas Advisory Services LLC acquired a new position in shares of John Hancock Preferred Income Fund III in the second quarter worth approximately $52,000. Finally, Wolverine Asset Management LLC bought a new stake in John Hancock Preferred Income Fund III in the second quarter valued at approximately $59,000. About John Hancock Preferred Income Fund III (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.Recommended StoriesFive stocks we like better than John Hancock Preferred Income Fund IIIAmerica's Next Power Move Starts UndergroundYour Signature Is Missing – Act Before It’s Too LateURGENT: Trump Just Triggered AI’s Biggest Disruption YetNEW LAW: Congress Approves Setup For Digital Dollar?The biggest scam in the history of gold markets is unwindingThis instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected]. Insider Buying or Selling at John Hancock Preferred Income Fund III? 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