Sit Investment Associates Inc. Has $8.16 Million Stock Position in John Hancock Investors Trust $JHI

Sit Investment Associates Inc. raised its holdings in shares of John Hancock Investors Trust (NYSE:JHI) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 597,048 shares of the financial services provider’s stock after acquiring an additional 64,495 shares during the quarter. Sit Investment Associates Inc. owned approximately 0.07% of John Hancock Investors Trust worth $8,162,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JHI. Raymond James Financial Inc. acquired a new stake in shares of John Hancock Investors Trust during the 2nd quarter worth approximately $69,000. Ameriprise Financial Inc. lifted its holdings in John Hancock Investors Trust by 63.3% in the second 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. Aviance Capital Partners LLC lifted its holdings 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 during the period. Riverbridge Partners LLC boosted its stake in John Hancock Investors Trust by 36.5% in the fourth quarter. Riverbridge Partners LLC now owns 45,908 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 12,270 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new position in John Hancock Investors Trust in the fourth quarter valued at approximately $989,000. Institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Stock Up 0.2%

JHI opened at $13.21 on Friday. The company has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $13.50. John Hancock Investors Trust has a 52 week low of $12.50 and a 52 week high of $14.51.

John Hancock Investors Trust Increases Dividend

The business also recently declared 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 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.