Noni L. Ellison, a trustee of the John Hancock Preferred Income Fund III (NYSE:HPS), has recently acquired 740 common shares of beneficial interest in the fund. The transaction, which took place on December 23, 2024, was executed at a price of $15.26 per share, amounting to a total purchase value of $11,292. Following this acquisition, Ellison's total holdings in the fund stand at 1,633 shares. The fund, currently trading at $14.94, offers an attractive 8.85% dividend yield and trades at a P/E ratio of 7.28. InvestingPro data reveals the fund has maintained dividend payments for 22 consecutive years. This move reflects Ellison's continued investment in the fund, which is part of the broader John Hancock Closed-End Funds portfolio. With a market capitalization of $478.45 million and strong liquidity metrics, the fund demonstrates stable fundamentals. For deeper insights into insider trading patterns and additional financial metrics, check out InvestingPro, which features 6 more key investment tips for HPS.
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