Bank of America Corp DE cut its stake in shares of John Hancock Investors Trust (NYSE:JHI - Free Report) by 50.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,507 shares of the financial services provider's stock after selling 47,158 shares during the period. Bank of America Corp DE owned 0.53% of John Hancock Investors Trust worth $636,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in JHI. Quarry LP purchased a new stake in shares of John Hancock Investors Trust in the fourth quarter worth about $29,000. Noble Wealth Management PBC purchased a new position in shares of John Hancock Investors Trust in the fourth quarter valued at $33,000. Aviance Capital Partners LLC grew its holdings in John Hancock Investors Trust by 9.3% during the 4th quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 1,888 shares in the last quarter. Morey & Quinn Wealth Partners LLC purchased a new stake in John Hancock Investors Trust during the 4th quarter worth $595,000. Finally, Robinson Capital Management LLC boosted its position in John Hancock Investors Trust by 398.3% in the 4th quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider's stock valued at $598,000 after buying an additional 34,930 shares during the last quarter. 27.01% of the stock is currently owned by institutional investors and hedge funds.
John Hancock Investors Trust Stock Down 0.4%
Shares of NYSE JHI traded down $0.05 during midday trading on Friday, reaching $13.43. 16,748 shares of the company's stock were exchanged, compared to its average volume of 20,295. John Hancock Investors Trust has a 52-week low of $11.61 and a 52-week high of $14.48. The business's fifty day moving average price is $13.19 and its two-hundred day moving average price is $13.67.
John Hancock Investors Trust Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be given a $0.299 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.91%. This is a positive change from John Hancock Investors Trust's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Thursday, June 12th.
About John Hancock Investors Trust
(
Free Report)
John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities.
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