Shaker Financial Services LLC cut its stake in John Hancock Investors Trust (NYSE:JHI - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,114 shares of the financial services provider's stock after selling 33,356 shares during the period. Shaker Financial Services LLC owned approximately 1.20% of John Hancock Investors Trust worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in JHI. HighTower Advisors LLC purchased a new stake in John Hancock Investors Trust in the 3rd quarter valued at $138,000. Robinson Capital Management LLC boosted its position in shares of John Hancock Investors Trust by 398.3% during the 4th quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider's stock valued at $598,000 after acquiring an additional 34,930 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of John Hancock Investors Trust during the 4th quarter valued at about $33,000. Aviance Capital Partners LLC grew its holdings in shares of John Hancock Investors Trust by 9.3% in the fourth quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider's stock valued at $304,000 after purchasing an additional 1,888 shares during the period. Finally, LPL Financial LLC increased its position in 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 purchasing an additional 4,213 shares during the last quarter. Institutional investors and hedge funds own 27.01% of the company's stock.
John Hancock Investors Trust Stock Performance
NYSE:JHI traded up $0.01 on Friday, hitting $13.14. The stock had a trading volume of 11,801 shares, compared to its average volume of 20,330. The company has a fifty day moving average price of $13.44 and a two-hundred day moving average price of $13.86. John Hancock Investors Trust has a 1-year low of $11.61 and a 1-year high of $14.48.
John Hancock Investors Trust Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date was Thursday, March 13th.
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.
Read More
Before you consider John Hancock Investors Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Investors Trust wasn't on the list.
While John Hancock Investors Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
