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

John Hancock Investors Trust (NYSE:JHI)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.25 and traded as low as $13.14. John Hancock Investors Trust shares last traded at $13.2010, with a volume of 148,250 shares traded.

John Hancock Investors Trust Price Performance

The business’s 50-day moving average price is $13.24 and its 200-day moving average price is $13.59.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a $0.2631 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 8.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in John Hancock Investors Trust in the 2nd quarter worth approximately $69,000. Ameriprise Financial Inc. boosted its stake in John Hancock Investors Trust by 63.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 8,228 shares in the last quarter. World Investment Advisors acquired a new stake in John Hancock Investors Trust in the 1st quarter worth approximately $299,000. Aviance Capital Partners LLC boosted its stake in John Hancock Investors Trust by 5.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 34,356 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 1,871 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in John Hancock Investors Trust by 4.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 1,644 shares in the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

About John Hancock Investors Trust

John Hancock Investors Trust (NYSE: JHI) is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund’s investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.