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

John Hancock Investors Trust (NYSE:JHI) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.26 and traded as low as $13.26. John Hancock Investors Trust shares last traded at $13.2550, with a volume of 11,119 shares changing hands.

John Hancock Investors Trust Stock Performance

The stock has a 50 day simple moving average of $13.26 and a 200 day simple moving average of $13.42.

John Hancock Investors Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were issued a dividend of $0.297 per share. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.19 annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JHI. Advisors Asset Management Inc. acquired a new stake in John Hancock Investors Trust in the fourth quarter valued at $989,000. Sit Investment Associates Inc. raised its position in John Hancock Investors Trust by 12.1% during the 4th quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock worth $8,162,000 after purchasing an additional 64,495 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in John Hancock Investors Trust by 16.0% during the 4th quarter. Guggenheim Capital LLC now owns 191,795 shares of the financial services provider’s stock worth $2,622,000 after buying an additional 26,388 shares during the period. Invesco Ltd. lifted its holdings in John Hancock Investors Trust by 21.9% during the 4th quarter. Invesco Ltd. now owns 130,641 shares of the financial services provider’s stock worth $1,786,000 after buying an additional 23,435 shares during the period. Finally, World Investment Advisors bought a new stake in shares of John Hancock Investors Trust in the 1st quarter valued at about $299,000. 27.01% of the stock is owned by 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.