John Hancock Investors Trust (NYSE:JHI) Stock Price Up 0.6% - Here's What Happened

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 - ) shot up 0.6% during mid-day trading on Monday . The company traded as high as $14.11 and last traded at $14.08. 8,365 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 11,066 shares. The stock had previously closed at $14.00.

John Hancock Investors Trust Stock Up 0.6%

The business's 50 day moving average is $13.72 and its 200 day moving average is $13.62.

John Hancock Investors Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were given a $0.299 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.5%. 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.

Institutional Trading of John Hancock Investors Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its position in John Hancock Investors Trust by 48.8% during the 4th quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider's stock worth $4,473,000 after purchasing an additional 107,179 shares during the last quarter. LPL Financial LLC raised its holdings in shares of 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 buying an additional 4,213 shares during the last quarter. Noble Wealth Management PBC lifted its stake 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 worth $57,000 after buying an additional 1,800 shares during the period. 1607 Capital Partners LLC grew 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 buying an additional 154,174 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of John Hancock Investors Trust during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 27.01% of the company's stock.

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.

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