John Hancock Investors Trust (NYSE:JHI) Shares Bought by Shaker Financial Services LLC

Key Points

• Shaker Financial Services LLC has increased its stake in John Hancock Investors Trust by 39.3%, owning 146,399 shares valued at approximately $1.99 million as of the end of the first quarter.
• John Hancock Investors Trust recently declared a quarterly dividend of $0.299, representing an annualized dividend of $1.20 and a yield of 8.5%, up from the previous dividend of $0.23.
• The stock has seen a trading range between a 12-month low of $11.61 and a high of $14.48, recently opening at $14.08.

Shaker Financial Services LLC increased its stake in John Hancock Investors Trust (NYSE:JHI - Free Report) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,399 shares of the financial services provider's stock after acquiring an additional 41,285 shares during the period. Shaker Financial Services LLC owned approximately 1.67% of John Hancock Investors Trust worth $1,987,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Aviance Capital Partners LLC raised its stake in shares of John Hancock Investors Trust by 23.5% during the first quarter. Aviance Capital Partners LLC now owns 27,474 shares of the financial services provider's stock valued at $373,000 after purchasing an additional 5,236 shares during the period. Riverbridge Partners LLC increased its stake in John Hancock Investors Trust by 10.8% during the first quarter. Riverbridge Partners LLC now owns 31,650 shares of the financial services provider's stock valued at $429,000 after purchasing an additional 3,090 shares during the last quarter. Noble Wealth Management PBC boosted its holdings in shares of John Hancock Investors Trust by 74.3% during the first quarter. Noble Wealth Management PBC now owns 4,224 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 1,800 shares during the period. Quarry LP acquired a new position in shares of John Hancock Investors Trust during the fourth quarter valued at $29,000. Finally, 1607 Capital Partners LLC boosted its holdings in shares of John Hancock Investors Trust by 40.3% during the fourth quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider's stock valued at $7,340,000 after acquiring an additional 154,174 shares during the period. 27.01% of the stock is owned by institutional investors and hedge funds.

John Hancock Investors Trust Stock Performance

JHI stock traded up $0.03 during trading on Friday, hitting $14.07. The company had a trading volume of 12,858 shares, compared to its average volume of 9,014. The business has a 50 day moving average of $13.79 and a 200 day moving average of $13.62. John Hancock Investors Trust has a fifty-two week low of $11.61 and a fifty-two week high of $14.48.

John Hancock Investors Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a $0.299 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This is an increase from John Hancock Investors Trust's previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 8.5%.

About John Hancock Investors Trust

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.