John Hancock Investors Trust (NYSE:JHI) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

John Hancock Investors Trust (NYSE:JHI) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.20 and traded as low as $13.16. John Hancock Investors Trust shares last traded at $13.2090, with a volume of 15,486 shares trading hands.

John Hancock Investors Trust Stock Performance

The firm’s 50-day simple moving average is $13.20 and its 200 day simple moving average is $13.57.

John Hancock Investors Trust Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of John Hancock Investors Trust by 5.1% during the second 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 last quarter. Raymond James Financial Inc. bought a new stake in shares of John Hancock Investors Trust during the second quarter worth $69,000. Ameriprise Financial Inc. grew its stake in shares of John Hancock Investors Trust by 63.3% during the second quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after buying an additional 8,228 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of John Hancock Investors Trust by 4.3% during the third quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock worth $562,000 after buying an additional 1,644 shares during the last quarter. Finally, Riverbridge Partners LLC grew its stake in shares of John Hancock Investors Trust by 36.5% during the fourth quarter. Riverbridge Partners LLC now owns 45,908 shares of the financial services provider’s stock worth $628,000 after buying an additional 12,270 shares during the last quarter. 27.01% of the stock is currently owned by institutional investors and hedge funds.

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.