John Hancock Investors Trust (NYSE:JHI) Shares Up 0.4% – Here’s Why

John Hancock Investors Trust (NYSE:JHI)’s stock price shot up 0.4% on Monday . The stock traded as high as $13.74 and last traded at $13.6910. 12,835 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 22,849 shares. The stock had previously closed at $13.64.

John Hancock Investors Trust Trading Up 0.4%

The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $13.91.

John Hancock Investors Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were paid a $0.3649 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.32. This represents a $1.46 annualized dividend and a yield of 10.7%.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in JHI. Ameriprise Financial Inc. increased its position in shares of John Hancock Investors Trust by 25.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,612 shares of the financial services provider’s stock valued at $372,000 after buying an additional 5,381 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of John Hancock Investors Trust by 100.0% during the third quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 5,000 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of John Hancock Investors Trust by 4.3% during the third quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,644 shares during the period. Aviance Capital Partners LLC grew its position in shares of John Hancock Investors Trust by 5.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,356 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,871 shares during the period. Finally, Riverbridge Partners LLC increased its stake in John Hancock Investors Trust by 2.4% during the 3rd quarter. Riverbridge Partners LLC now owns 33,638 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 784 shares in the last quarter. 27.01% of the stock is owned by institutional investors.

John Hancock Investors Trust Company Profile

John Hancock Investors Trust (NYSE: JHI) is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund’s investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.