Morey & Quinn Wealth Partners LLC Makes New $595,000 Investment in John Hancock Investors Trust (NYSE:JHI)

Morey & Quinn Wealth Partners LLC acquired a new stake in John Hancock Investors Trust (NYSE:JHI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 43,527 shares of the financial services provider’s stock, valued at approximately $595,000.

Several other large investors also recently added to or reduced their stakes in JHI. Robinson Capital Management LLC lifted its stake in John Hancock Investors Trust by 398.3% during the fourth quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 34,930 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of John Hancock Investors Trust in the 3rd quarter valued at about $402,000. HighTower Advisors LLC purchased a new stake in shares of John Hancock Investors Trust during the 3rd quarter worth approximately $138,000. LPL Financial LLC increased its position in shares of John Hancock Investors Trust by 10.2% during the fourth quarter. LPL Financial LLC now owns 45,361 shares of the financial services provider’s stock worth $621,000 after purchasing an additional 4,213 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in John Hancock Investors Trust in the fourth quarter valued at approximately $33,000. 27.01% of the stock is currently owned by hedge funds and other institutional investors.

John Hancock Investors Trust Trading Up 0.1 %

Shares of JHI stock opened at $13.64 on Wednesday. John Hancock Investors Trust has a twelve month low of $12.89 and a twelve month high of $14.48. The business’s 50 day moving average is $13.96 and its two-hundred day moving average is $14.01.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.2349 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.94 annualized dividend and a yield of 6.89%.

About John Hancock Investors Trust

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.