Key Points
- Director Kenneth Phelan purchased 730 shares on January 27 at an average price of $13.75 for a total of $10,037.50, a transaction disclosed in an SEC filing.
- John Hancock Investors Trust raised its quarterly dividend to $0.3649 (from $0.32), equal to a $1.46 annualized payout and a 10.6% yield (ex-dividend date December 11, paid December 31).
- Several institutional investors recently increased stakes (including Aviance Capital, Shaker Financial, Invesco, and Ameriprise), and institutional/hedge fund ownership stands at 27.01% of the company.
John Hancock Investors Trust (NYSE:JHI - Get Free Report) Director Kenneth Phelan purchased 730 shares of the firm's stock in a transaction that occurred on Tuesday, January 27th. The stock was bought at an average price of $13.75 per share, with a total value of $10,037.50. Following the transaction, the director directly owned 730 shares in the company, valued at $10,037.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
John Hancock Investors Trust Stock Up 0.1%
JHI stock opened at $13.74 on Wednesday. John Hancock Investors Trust has a one year low of $11.61 and a one year high of $14.51. The firm has a 50-day moving average of $13.74 and a two-hundred day moving average of $13.90.
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 dividend of $0.3649 per share. This is an increase from John Hancock Investors Trust's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.46 annualized dividend and a yield of 10.6%.
Hedge Funds Weigh In On John Hancock Investors Trust
A number of large investors have recently made changes to their positions in JHI. Aviance Capital Partners LLC boosted its holdings in shares of John Hancock Investors Trust by 18.2% during the second quarter. Aviance Capital Partners LLC now owns 32,485 shares of the financial services provider's stock worth $450,000 after purchasing an additional 5,011 shares during the period. Shaker Financial Services LLC increased its stake in John Hancock Investors Trust by 25.2% in the 2nd quarter. Shaker Financial Services LLC now owns 183,223 shares of the financial services provider's stock valued at $2,537,000 after buying an additional 36,824 shares during the period. Invesco Ltd. lifted its position in John Hancock Investors Trust by 5.1% in the 2nd quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider's stock worth $1,045,000 after buying an additional 3,689 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Investors Trust during the 2nd quarter valued at $69,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of John Hancock Investors Trust by 63.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider's stock valued at $294,000 after buying an additional 8,228 shares during the period. Institutional investors and hedge funds own 27.01% of the company's stock.
John Hancock Investors Trust Company Profile
(
Get Free Report)
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.
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