Allspring Global Investments Holdings LLC increased its stake in shares of John Hancock Investors Trust (NYSE:JHI - Free Report) by 300.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,943 shares of the financial services provider's stock after buying an additional 64,458 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.98% of John Hancock Investors Trust worth $1,134,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its position in John Hancock Investors Trust by 3.6% during the fourth quarter. Capital Investment Advisors LLC now owns 129,883 shares of the financial services provider's stock worth $1,681,000 after buying an additional 4,546 shares in the last quarter. Shaker Financial Services LLC raised its position in John Hancock Investors Trust by 29.2% in the fourth quarter. Shaker Financial Services LLC now owns 194,481 shares of the financial services provider's stock valued at $2,517,000 after purchasing an additional 43,927 shares during the period. Finally, 1607 Capital Partners LLC raised its position in John Hancock Investors Trust by 47.9% in the fourth quarter. 1607 Capital Partners LLC now owns 766,901 shares of the financial services provider's stock valued at $9,924,000 after purchasing an additional 248,400 shares during the period. Hedge funds and other institutional investors own 27.01% of the company's stock.
John Hancock Investors Trust Price Performance
NYSE:JHI traded down $0.03 on Monday, reaching $13.28. The company's stock had a trading volume of 17,597 shares, compared to its average volume of 22,758. John Hancock Investors Trust has a 12-month low of $11.63 and a 12-month high of $13.85. The stock has a 50 day moving average price of $13.41 and a 200 day moving average price of $13.20.
John Hancock Investors Trust Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.222 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.89 dividend on an annualized basis and a yield of 6.69%. This is an increase from John Hancock Investors Trust's previous quarterly dividend of $0.20.
John Hancock Investors Trust Profile
(
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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