Stratos Wealth Partners LTD. Acquires 10,325 Shares of John Hancock Preferred Income Fund III (HPS)

Stratos Wealth Partners LTD. raised its position in John Hancock Preferred Income Fund III (NYSE:HPS) by 88.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,050 shares of the company’s stock after buying an additional 10,325 shares during the period. Stratos Wealth Partners LTD.’s holdings in John Hancock Preferred Income Fund III were worth $422,000 at the end of the most recent reporting period.

Shares of John Hancock Preferred Income Fund III (NYSE HPS) opened at 19.23 on Tuesday. John Hancock Preferred Income Fund III has a 52 week low of $16.25 and a 52 week high of $20.25. The firm’s 50-day moving average is $19.09 and its 200-day moving average is $18.68.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be paid a $0.1222 dividend. This represents a $1.47 annualized dividend and a dividend yield of 7.63%. The ex-dividend date of this dividend is Wednesday, August 9th.

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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.

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