Shaker Financial Services LLC reduced its stake in John Hancock Investors Trust (NYSE:JHI - Free Report) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,114 shares of the financial services provider's stock after selling 33,356 shares during the quarter. Shaker Financial Services LLC owned 1.20% of John Hancock Investors Trust worth $1,438,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of John Hancock Investors Trust during the third quarter worth $138,000. Robinson Capital Management LLC lifted its stake in shares of John Hancock Investors Trust by 398.3% in the 4th quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider's stock worth $598,000 after acquiring an additional 34,930 shares during the period. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of John Hancock Investors Trust in the 4th quarter worth $595,000. Sit Investment Associates Inc. boosted its holdings in shares of John Hancock Investors Trust by 48.8% in the fourth quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider's stock valued at $4,473,000 after acquiring an additional 107,179 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of 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. Institutional investors and hedge funds own 27.01% of the company's stock.
John Hancock Investors Trust Price Performance
NYSE:JHI traded up $0.01 during mid-day trading on Friday, reaching $13.14. The stock had a trading volume of 11,801 shares, compared to its average volume of 20,377. John Hancock Investors Trust has a twelve month low of $11.61 and a twelve month high of $14.48. The business has a 50 day simple moving average of $13.42 and a 200 day simple moving average of $13.85.
John Hancock Investors Trust Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were issued a $0.2349 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.94 annualized dividend and a dividend yield of 7.15%.
About John Hancock Investors Trust
(
Free Report)
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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