Sit Investment Associates Inc. Buys 64,495 Shares of John Hancock Investors Trust $JHI

Sit Investment Associates Inc. raised its stake in John Hancock Investors Trust (NYSE:JHI) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 597,048 shares of the financial services provider’s stock after acquiring an additional 64,495 shares during the period. Sit Investment Associates Inc. owned about 6.83% of John Hancock Investors Trust worth $8,162,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JHI. Aviance Capital Partners LLC boosted its position in John Hancock Investors Trust by 3.9% in the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after buying an additional 1,340 shares in the last quarter. Invesco Ltd. increased its holdings in shares of John Hancock Investors Trust by 5.1% during the second 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. raised its stake in shares of John Hancock Investors Trust by 100.0% in the third quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 5,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of John Hancock Investors Trust by 25.3% in the third quarter. Ameriprise Financial Inc. now owns 26,612 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 5,381 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of John Hancock Investors Trust by 7.0% in the 4th quarter. Osaic Holdings Inc. now owns 88,936 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 5,805 shares in the last quarter. 27.01% of the stock is currently owned by institutional investors.

John Hancock Investors Trust Stock Up 0.2%

JHI stock opened at $13.21 on Friday. The business has a fifty day moving average price of $13.30 and a 200 day moving average price of $13.50. John Hancock Investors Trust has a fifty-two week low of $12.50 and a fifty-two week high of $14.51.

John Hancock Investors Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be paid a $0.297 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 9.0%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 11th.

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.