Sit Investment Associates Inc. Increases Position in John Hancock Investors Trust (NYSE:JHI)

Sit Investment Associates Inc. lifted its holdings in John Hancock Investors Trust (NYSE:JHI) by 48.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 326,964 shares of the financial services provider’s stock after purchasing an additional 107,179 shares during the period. Sit Investment Associates Inc.’s holdings in John Hancock Investors Trust were worth $4,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JHI. Noble Wealth Management PBC purchased a new stake in John Hancock Investors Trust in the fourth quarter worth $33,000. HighTower Advisors LLC purchased a new position in John Hancock Investors Trust in the 3rd quarter worth about $138,000. Aviance Capital Partners LLC lifted its holdings in John Hancock Investors Trust by 9.3% during the 4th quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock valued at $304,000 after buying an additional 1,888 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in John Hancock Investors Trust in the 3rd quarter valued at about $402,000. Finally, Morey & Quinn Wealth Partners LLC bought a new position in John Hancock Investors Trust in the 4th quarter worth about $595,000. 27.01% of the stock is owned by institutional investors.

John Hancock Investors Trust Stock Down 4.2 %

John Hancock Investors Trust stock opened at $12.85 on Friday. The company has a 50 day moving average price of $13.87 and a 200-day moving average price of $13.99. John Hancock Investors Trust has a fifty-two week low of $12.82 and a fifty-two week high of $14.48.

John Hancock Investors Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a dividend of $0.2349 per share. This represents a $0.94 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend was Thursday, March 13th.

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.