John Hancock Investors Trust (NYSE:JHI) Director Buys $10,006.64 in Stock

Key Points

• Director Christine Hurtsellers bought 749 shares at an average price of $13.36, spending $10,006.64, according to an SEC filing and now owns those 749 shares.
• The trust recently paid a quarterly dividend of $0.2631 per share (annualized $1.05), representing a yield of 7.9% with an ex-dividend date of March 12.
• Institutional investors own about 27.01% of the fund, and several managers (including Invesco, Riverbridge, Aviance and Raymond James) have recently increased their stakes.

John Hancock Investors Trust (NYSE:JHI - Get Free Report) Director Christine Hurtsellers acquired 749 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average cost of $13.36 per share, with a total value of $10,006.64. Following the completion of the purchase, the director owned 749 shares of the company's stock, valued at $10,006.64. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

John Hancock Investors Trust Trading Down 0.0%

NYSE JHI traded down $0.01 during trading on Thursday, reaching $13.37. 35,148 shares of the company's stock traded hands, compared to its average volume of 23,333. John Hancock Investors Trust has a 12-month low of $12.50 and a 12-month high of $14.51. The company's 50 day simple moving average is $13.32 and its two-hundred day simple moving average is $13.61.

John Hancock Investors Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.2631 per share. This represents a $1.05 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, March 12th.

Institutional Trading of John Hancock Investors Trust

A number of hedge funds have recently bought and sold shares of the stock. Aviance Capital Partners LLC increased its holdings in shares of John Hancock Investors Trust by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider's stock valued at $488,000 after acquiring an additional 1,340 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of John Hancock Investors Trust by 4.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider's stock worth $562,000 after purchasing an additional 1,644 shares during the last quarter. Riverbridge Partners LLC lifted its stake in shares of John Hancock Investors Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider's stock worth $617,000 after purchasing an additional 1,855 shares during the last quarter. Invesco Ltd. boosted its position in John Hancock Investors Trust by 5.1% during the second quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider's stock valued at $1,045,000 after purchasing an additional 3,689 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in John Hancock Investors Trust by 100.0% during the third quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider's stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 27.01% of the company's stock.

John Hancock Investors Trust Company Profile

John Hancock Investors Trust NYSE: JHI is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund's investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.

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