John Hancock Preferred Income Fund III (NYSE:HPS) Share Price Passes Below 200-Day Moving Average – Time to Sell?

John Hancock Preferred Income Fund III (NYSE:HPS) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.91 and traded as low as $14.88. John Hancock Preferred Income Fund III shares last traded at $15.00, with a volume of 62,511 shares traded.

John Hancock Preferred Income Fund III Price Performance

The business has a 50 day moving average price of $15.15 and a 200 day moving average price of $15.91.

John Hancock Preferred Income Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 13th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend is Monday, January 13th.

Hedge Funds Weigh In On John Hancock Preferred Income Fund III

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in John Hancock Preferred Income Fund III in the third quarter valued at about $76,000. B. Riley Wealth Advisors Inc. acquired a new stake in John Hancock Preferred Income Fund III during the third quarter valued at approximately $176,000. Fiera Capital Corp grew its stake in shares of John Hancock Preferred Income Fund III by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 85,001 shares of the company’s stock valued at $1,465,000 after purchasing an additional 627 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of John Hancock Preferred Income Fund III during the 3rd quarter worth approximately $34,000. Finally, Tallon Kerry Patrick bought a new stake in John Hancock Preferred Income Fund III in the fourth quarter valued at $360,000.

John Hancock Preferred Income Fund III Company Profile

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