Captrust Financial Advisors Exits Position in John Hancock Preferred Income Fund III (HPS)

John Hancock Preferred Income Fund III (HPS) : Captrust Financial Advisors has sold out all of its stake in John Hancock Preferred Income Fund III during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 3,015 shares of John Hancock Preferred Income Fund III which is valued at $60,210.

Other Hedge Funds, Including , Nwam reduced its stake in HPS by selling 2,665 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 70,867 shares of HPS which is valued at $1,408,127. John Hancock Preferred Income Fund III makes up approx 0.54% of Nwam’s portfolio. Advisory Services Network added HPS to its portfolio by purchasing 350 company shares during the most recent quarter which is valued at $7,025.Capital Investment Advisors reduced its stake in HPS by selling 18,677 shares or 21.79% in the most recent quarter. The Hedge Fund company now holds 67,018 shares of HPS which is valued at $1,346,392. John Hancock Preferred Income Fund III makes up approx 0.12% of Capital Investment Advisors’s portfolio.North Star Investment Management Corp. reduced its stake in HPS by selling 600 shares or 16.35% in the most recent quarter. The Hedge Fund company now holds 3,070 shares of HPS which is valued at $61,830. John Hancock Preferred Income Fund III makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.

John Hancock Preferred Income Fund III closed down -0.03 points or -0.15% at $19.84 with 55,872 shares getting traded on Monday. Post opening the session at $19.87, the shares hit an intraday low of $19.84 and an intraday high of $19.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

John Hancock Preferred Income Fund III is a closed-end management investment company. The Fund’s primary objective is to provide a high level of current income consistent with preservation of capital. The Fund’s secondary objective is to provide growth of capital to the extent consistent with its primary objective. The Fund seeks to achieve its objectives by investing in a diversified portfolio of securities that may be undervalued relative to similar securities in the marketplace. Under normal market conditions the Fund invests at least 80% of its assets in preferred stocks and other preferred securities including convertible preferred securities; 25% or more of its total assets in the industries comprising the utilities sector and at least 50% of its total assets in preferred securities or other fixed-income securities rated investment grade or higher at the time of investment. John Hancock Advisers LLC serves as investment advisor for the Fund.

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