Shaker Financial Services LLC Has $1.95 Million Stock Holdings in John Hancock Investors Trust (NYSE:JHI)

Shaker Financial Services LLC cut its holdings in John Hancock Investors Trust (NYSE:JHI) by 32.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 138,470 shares of the financial services provider’s stock after selling 65,019 shares during the quarter. Shaker Financial Services LLC’s holdings in John Hancock Investors Trust were worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplicity Wealth LLC acquired a new stake in John Hancock Investors Trust in the second quarter worth about $178,000. Capital Investment Advisors LLC boosted its holdings in John Hancock Investors Trust by 3.4% during the second quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 4,956 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in John Hancock Investors Trust by 16.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider’s stock worth $1,336,000 after buying an additional 14,545 shares during the last quarter. 27.01% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Investors Trust Stock Performance

Shares of JHI opened at $14.13 on Thursday. John Hancock Investors Trust has a 1 year low of $12.33 and a 1 year high of $14.48. The stock’s 50-day moving average price is $14.00 and its two-hundred day moving average price is $13.62.

John Hancock Investors Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.3134 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.25 dividend on an annualized basis and a yield of 8.88%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.22.

John Hancock Investors Trust Profile

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.