John Hancock Investors Trust (NYSE:JHI) Share Price Breaks Below Fifty Day Moving Average – Should You Sell?

John Hancock Investors Trust (NYSE:JHI) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $12.67 and traded as low as $11.90. John Hancock Investors Trust shares last traded at $11.9210, with a volume of 42,466 shares traded.

John Hancock Investors Trust Stock Down 0.5%

The stock has a fifty day moving average of $12.60 and a 200-day moving average of $13.04.

John Hancock Investors Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a $0.2940 dividend. This is a negative change from John Hancock Investors Trust’s previous quarterly dividend of $0.2970. The ex-dividend date was Friday, September 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.9%.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of institutional investors have recently bought and sold shares of the stock. World Investment Advisors acquired a new stake in John Hancock Investors Trust during the 1st quarter worth about $299,000. Shaker Financial Services LLC boosted its holdings in shares of John Hancock Investors Trust by 12.8% in the third quarter. Shaker Financial Services LLC now owns 148,070 shares of the financial services provider’s stock worth $1,829,000 after buying an additional 16,798 shares during the period. Sowell Financial Services LLC acquired a new position in shares of John Hancock Investors Trust in the third quarter worth about $146,000. IFP Advisors Inc acquired a new position in shares of John Hancock Investors Trust in the second quarter worth about $32,000. Finally, Riverbridge Partners LLC boosted its holdings 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 worth $617,000 after buying an additional 1,855 shares during the period. 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 publicly traded closed-end investment company. The fund seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities, including common stocks of companies across a range of industries.

The trust is managed by John Hancock Investment Management, an asset-management organization affiliated with Manulife Investment Management. Its portfolio is professionally selected and managed, with investment decisions based on research and analysis of individual companies and broader market conditions.

As a closed-end fund, John Hancock Investors Trust issues a fixed number of shares that trade on the New York Stock Exchange.