Captrust Financial Advisors buys $57,888 stake in John Hancock Preferred Income Fund III (HPS)

John Hancock Preferred Income Fund III (HPS) : Captrust Financial Advisors scooped up 535 additional shares in John Hancock Preferred Income Fund III during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,015 shares of John Hancock Preferred Income Fund III which is valued at $57,888.John Hancock Preferred Income Fund III makes up approximately 0.01% of Captrust Financial Advisors’s portfolio.

Other Hedge Funds, Including , Bb&t Securities sold out all of its stake in HPS during the most recent quarter. The investment firm sold 22,359 shares of HPS which is valued $429,293.United Capital Financial Advisers reduced its stake in HPS by selling 3,801 shares or 10.4% in the most recent quarter. The Hedge Fund company now holds 32,760 shares of HPS which is valued at $628,992. John Hancock Preferred Income Fund III makes up approx 0.01% of United Capital Financial Advisers’s portfolio.Penserra Capital Management reduced its stake in HPS by selling 31 shares or 8.47% in the most recent quarter. The Hedge Fund company now holds 335 shares of HPS which is valued at $6,432. Allegis Investment Advisors sold out all of its stake in HPS during the most recent quarter. The investment firm sold 304 shares of HPS which is valued $5,837.Ifp Advisors Inc boosted its stake in HPS in the latest quarter, The investment management firm added 21,890 additional shares and now holds a total of 30,199 shares of John Hancock Preferred Income Fund III which is valued at $585,861. John Hancock Preferred Income Fund III makes up approx 0.04% of Ifp Advisors Inc’s portfolio.

John Hancock Preferred Income Fund III closed down -0.1 points or -0.53% at $18.65 with 1,20,116 shares getting traded on Friday. Post opening the session at $18.71, the shares hit an intraday low of $18.5 and an intraday high of $18.8999 and the price fluctuated in this range throughout the day.Shares ended Friday 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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