Noni L. Ellison, a trustee of the John Hancock Investors Trust (NYSE:JHI), has recently made significant stock purchases, according to a recent SEC filing. On December 23, Ellison acquired a total of 800 common shares of beneficial interest in the trust. The shares were purchased at a consistent price of $14.10 each, amounting to a total investment of $11,280. The purchase comes as JHI, with its current market capitalization of $120.67 million, maintains an impressive 10% dividend yield. According to InvestingPro data, the trust has maintained dividend payments for 18 consecutive years.
Following these transactions, Ellison's direct ownership in the trust increased to 1,744 shares. This acquisition reflects Ellison's continued confidence in the performance and future prospects of the John Hancock Investors Trust, which has demonstrated low price volatility and currently trades near its 52-week high of $14.48. InvestingPro subscribers can access additional insights and metrics about JHI's financial health and market performance.
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