John Hancock Investors Trust (NYSE:JHI) Stock Price Up 0.6% - Still a Buy?

Key Points

• John Hancock Investors Trust's stock price increased by 0.6%, reaching $14.08 during trading on Monday, though trading volume was down by 24% compared to the average.
• The company has announced a quarterly dividend of $0.299, which is an increase from the previous $0.23, resulting in an annualized dividend yield of 8.5%.
• Institutional investors have recently increased their holdings in John Hancock Investors Trust, with Sit Investment Associates Inc. growing their position by 48.8% in the last quarter.

John Hancock Investors Trust (NYSE:JHI - Get Free Report)'s stock price was up 0.6% on Monday . The company traded as high as $14.11 and last traded at $14.08. Approximately 8,365 shares traded hands during trading, a decline of 24% from the average daily volume of 11,066 shares. The stock had previously closed at $14.00.

John Hancock Investors Trust Stock Performance

The stock's 50-day moving average is $13.77 and its two-hundred day moving average is $13.62.

John Hancock Investors Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were issued a $0.299 dividend. This represents a $1.20 dividend on an annualized basis and a dividend 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.

Institutional Investors Weigh In On John Hancock Investors Trust

Several large investors have recently bought and sold shares of the business. Shaker Financial Services LLC increased its holdings in shares of John Hancock Investors Trust by 39.3% in the 1st quarter. Shaker Financial Services LLC now owns 146,399 shares of the financial services provider's stock worth $1,987,000 after buying an additional 41,285 shares during the last quarter. LPL Financial LLC grew its position in John Hancock Investors Trust by 10.2% in 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 in the last quarter. Noble Wealth Management PBC increased its stake in 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 worth $57,000 after acquiring an additional 1,800 shares during the last quarter. 1607 Capital Partners LLC increased its stake in 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 acquiring an additional 154,174 shares during the last quarter. Finally, Quarry LP purchased a new stake in John Hancock Investors Trust during the fourth quarter valued at approximately $29,000. Institutional investors own 27.01% of the company's stock.

John Hancock Investors Trust Company Profile

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.