Gold prices bounce off 3-week lows; demand likely longer term
Thomas Rowe Wright, a director at John Hancock Preferred Income Fund III (NYSE:HPS), recently acquired 794 common shares of beneficial interest in the fund. The transaction, valued at approximately $10,947, took place on April 8, 2025, at a price of $13.7873 per share. According to InvestingPro data, the purchase comes as the stock trades near oversold territory, having declined over 10% in the past week. Following this purchase, Wright now holds a total of 794 shares directly. This move reflects Wright's ongoing engagement with the fund, which is part of the broader John Hancock Closed-End Funds portfolio. The fund currently offers an attractive 9.69% dividend yield and has maintained dividend payments for 23 consecutive years. InvestingPro subscribers can access additional insights about the fund's financial health and valuation metrics.
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