John Hancock Investors Trust (NYSE:JHI) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

John Hancock Investors Trust (NYSE:JHI)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.26 and traded as high as $13.41. John Hancock Investors Trust shares last traded at $13.3740, with a volume of 7,189 shares.

John Hancock Investors Trust Price Performance

The stock has a fifty day moving average price of $13.26 and a 200-day moving average price of $13.38.

John Hancock Investors Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were paid a $0.297 dividend. This represents a $1.19 annualized dividend and a yield of 8.9%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, June 11th.

Institutional Trading of John Hancock Investors Trust

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in John Hancock Investors Trust by 2.6% during the first quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after purchasing an additional 863 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of John Hancock Investors Trust by 3.9% in the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after buying an additional 1,340 shares in the last quarter. Riverbridge Partners LLC increased its position in shares of John Hancock Investors Trust by 4.0% in the first quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock valued at $617,000 after buying an additional 1,855 shares in the last quarter. Invesco Ltd. raised its stake in shares of John Hancock Investors Trust by 5.1% during the 2nd quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 3,689 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of John Hancock Investors Trust during the 2nd quarter worth approximately $69,000. 27.01% of the stock is owned by hedge funds and other institutional investors.

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.