Bank of America Corp DE Trims Position in John Hancock Preferred Income Fund III (HPS)
Bank of America Corp DE reduced its position in John Hancock Preferred Income Fund III (NYSE:HPS) by 26.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,027 shares of the company’s stock after selling 35,622 shares during the quarter. Bank of America Corp DE owned approximately 0.31% of John Hancock Preferred Income Fund III worth $1,827,000 at the end of the most recent quarter.
Shares of HPS stock opened at $17.87 on Friday. John Hancock Preferred Income Fund III has a one year low of $16.80 and a one year high of $19.19.
The company also recently announced a monthly dividend, which will be paid on Friday, November 30th. Investors of record on Tuesday, November 13th will be given a $0.122 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.46 annualized dividend and a yield of 8.19%.
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.
See Also: Rule of 72
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