Shaker Financial Services LLC Has $1.99 Million Stake in John Hancock Investors Trust (NYSE:JHI)

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 boosted its stake in John Hancock Investors Trust (NYSE:JHI - Free Report) by 39.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,399 shares of the financial services provider's stock after buying an additional 41,285 shares during the quarter. Shaker Financial Services LLC owned approximately 1.67% of John Hancock Investors Trust worth $1,987,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its position in John Hancock Investors Trust by 10.2% during the fourth quarter. LPL Financial LLC now owns 45,361 shares of the financial services provider's stock worth $621,000 after acquiring an additional 4,213 shares during the period. Invesco Ltd. increased its stake in shares of John Hancock Investors Trust by 7.0% in the fourth quarter. Invesco Ltd. now owns 69,421 shares of the financial services provider's stock valued at $950,000 after buying an additional 4,551 shares in the last quarter. 1607 Capital Partners LLC lifted its position 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 worth $7,340,000 after purchasing an additional 154,174 shares in the last quarter. Quarry LP bought a new position in John Hancock Investors Trust in the 4th quarter valued at $29,000. Finally, Noble Wealth Management PBC lifted its position in John Hancock Investors Trust by 74.3% during the 1st quarter. Noble Wealth Management PBC now owns 4,224 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 27.01% of the company's stock.

John Hancock Investors Trust Stock Down 0.4%

Shares of John Hancock Investors Trust stock traded down $0.05 during trading on Thursday, reaching $14.02. 10,757 shares of the company were exchanged, compared to its average volume of 8,988. The business has a 50-day moving average price of $13.77 and a 200-day moving average price of $13.62. John Hancock Investors Trust has a twelve month low of $11.61 and a twelve month high of $14.48.

John Hancock Investors Trust Increases Dividend

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

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.