Morey & Quinn Wealth Partners LLC Acquires New Stake in John Hancock Investors Trust (NYSE:JHI)

Morey & Quinn Wealth Partners LLC bought a new position in John Hancock Investors Trust (NYSE:JHI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,527 shares of the financial services provider’s stock, valued at approximately $595,000. Morey & Quinn Wealth Partners LLC owned 0.50% of John Hancock Investors Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC bought a new stake in John Hancock Investors Trust during the 3rd quarter valued at about $138,000. Integrated Wealth Concepts LLC bought a new stake in shares of John Hancock Investors Trust during the third quarter valued at approximately $402,000. Robinson Capital Management LLC boosted its holdings in shares of John Hancock Investors Trust by 398.3% in the fourth quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 34,930 shares during the period. Noble Wealth Management PBC bought a new position in John Hancock Investors Trust in the fourth quarter worth approximately $33,000. Finally, Aviance Capital Partners LLC raised its position in John Hancock Investors Trust by 9.3% during the 4th quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,888 shares in the last quarter. 27.01% of the stock is currently owned by institutional investors.

John Hancock Investors Trust Stock Performance

Shares of John Hancock Investors Trust stock opened at $13.64 on Wednesday. John Hancock Investors Trust has a 12 month low of $12.89 and a 12 month high of $14.48. The stock’s fifty day moving average price is $13.96 and its 200-day moving average price is $14.01.

John Hancock Investors Trust Cuts Dividend

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

John Hancock Investors Trust Profile

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.