Sit Investment Associates Inc. Has $4.47 Million Stock Position in John Hancock Investors Trust (NYSE:JHI)

Sit Investment Associates Inc. raised its holdings in shares of John Hancock Investors Trust (NYSE:JHI - Free Report) by 48.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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. owned about 3.74% of John Hancock Investors Trust worth $4,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JHI. Noble Wealth Management PBC bought a new stake in John Hancock Investors Trust during the 4th quarter valued at $33,000. HighTower Advisors LLC bought a new stake in shares of John Hancock Investors Trust during the third quarter valued at about $138,000. Aviance Capital Partners LLC lifted its holdings in 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 worth $304,000 after purchasing an additional 1,888 shares during the period. Integrated Wealth Concepts LLC bought a new position in John Hancock Investors Trust in the 3rd quarter valued at about $402,000. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in John Hancock Investors Trust during the 4th quarter valued at about $595,000. 27.01% of the stock is owned by institutional investors and hedge funds.

John Hancock Investors Trust Stock Up 0.2 %

Shares of JHI traded up $0.02 during midday trading on Friday, reaching $12.56. The stock had a trading volume of 5,925 shares, compared to its average volume of 19,903. The firm's 50 day moving average price is $13.70 and its 200-day moving average price is $13.94. John Hancock Investors Trust has a 52 week low of $11.61 and a 52 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 issued a $0.2349 dividend. This represents a $0.94 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Thursday, March 13th.

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.