1607 Capital Partners LLC Sells 85,200 Shares of John Hancock Investors Trust $JHI

1607 Capital Partners LLC decreased its holdings in shares of John Hancock Investors Trust (NYSE:JHI) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,495 shares of the financial services provider’s stock after selling 85,200 shares during the period. 1607 Capital Partners LLC owned 0.06% of John Hancock Investors Trust worth $6,623,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Aviance Capital Partners LLC raised its position in shares of John Hancock Investors Trust by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,340 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of John Hancock Investors Trust by 4.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 1,644 shares in the last quarter. Invesco Ltd. raised its position in shares of 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 acquiring an additional 3,689 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of John Hancock Investors Trust by 100.0% in the 3rd quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Ameriprise Financial Inc. raised 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 worth $372,000 after acquiring an additional 5,381 shares in the last quarter. Institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Price Performance

Shares of NYSE:JHI opened at $13.20 on Thursday. John Hancock Investors Trust has a 52-week low of $12.50 and a 52-week high of $14.51. The stock has a 50 day moving average price of $13.30 and a 200-day moving average price of $13.51.

John Hancock Investors Trust Increases Dividend

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

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.