John Hancock Investors Trust (NYSE:JHI) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

John Hancock Investors Trust (NYSE:JHI)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.97 and traded as low as $13.58. John Hancock Investors Trust shares last traded at $13.62, with a volume of 9,790 shares.

John Hancock Investors Trust Stock Down 0.2 %

The firm has a 50 day moving average price of $13.95 and a 200 day moving average price of $14.01.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.2349 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new stake in shares of John Hancock Investors Trust in the third quarter valued at $138,000. Robinson Capital Management LLC boosted its position in shares of 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 valued at $598,000 after buying an additional 34,930 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of John Hancock Investors Trust during the third quarter valued at approximately $402,000. Morey & Quinn Wealth Partners LLC purchased a new stake in shares of John Hancock Investors Trust in the fourth quarter worth approximately $595,000. Finally, Aviance Capital Partners LLC lifted its stake in shares of 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 worth $304,000 after acquiring an additional 1,888 shares during the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Company 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.