Insider Buying: John Hancock Investors Trust (NYSE:JHI) Director Purchases 875 Shares of Stock

John Hancock Investors Trust (NYSE:JHI) Director Thomas Rowe Wright purchased 875 shares of John Hancock Investors Trust stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $12.57 per share, for a total transaction of $10,998.75. Following the completion of the transaction, the director now directly owns 875 shares in the company, valued at $10,998.75. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

John Hancock Investors Trust Stock Up 2.5 %

NYSE:JHI traded up $0.32 during trading hours on Wednesday, hitting $12.83. The stock had a trading volume of 45,112 shares, compared to its average volume of 20,006. John Hancock Investors Trust has a 1-year low of $11.61 and a 1-year high of $14.48. The business has a 50 day simple moving average of $13.78 and a two-hundred day simple moving average of $13.96.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 13th were paid a dividend of $0.2349 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.94 annualized dividend and a dividend yield of 7.32%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in John Hancock Investors Trust during the 4th quarter worth approximately $29,000. Noble Wealth Management PBC acquired a new stake in shares of John Hancock Investors Trust during the fourth quarter worth approximately $33,000. HighTower Advisors LLC acquired a new stake in shares of John Hancock Investors Trust during the third quarter worth approximately $138,000. Aviance Capital Partners LLC increased its stake in shares of John Hancock Investors Trust by 9.3% in the fourth quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock worth $304,000 after buying an additional 1,888 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in John Hancock Investors Trust in the third quarter valued at $402,000. Institutional investors and hedge funds own 27.01% of the company’s stock.

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.