John Hancock Investors Trust (NYSE:JHI) Stock Passes Below 50-Day Moving Average – Here’s Why

John Hancock Investors Trust (NYSE:JHIGet Free Report)’s stock price crossed 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 trading hands.

John Hancock Investors Trust Trading Down 0.2%

The company’s 50 day simple moving average is $13.25 and its 200-day simple moving average is $13.60.

John Hancock Investors Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On John Hancock Investors Trust

Several hedge funds have recently modified their holdings of JHI. Raymond James Financial Inc. acquired a new position in John Hancock Investors Trust during the second quarter valued at approximately $69,000. Ameriprise Financial Inc. lifted its position in 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 valued at $294,000 after buying an additional 8,228 shares in the last quarter. World Investment Advisors purchased a new stake in shares of John Hancock Investors Trust during the first quarter valued at approximately $299,000. Aviance Capital Partners LLC raised its stake in shares of John Hancock Investors Trust by 5.8% during the third quarter. Aviance Capital Partners LLC now owns 34,356 shares of the financial services provider’s stock valued at $481,000 after purchasing an additional 1,871 shares during the period. Finally, Stratos Wealth Partners LTD. raised 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 valued at $562,000 after purchasing an additional 1,644 shares during the period. 27.01% of the stock is owned by institutional investors and hedge funds.

About John Hancock Investors Trust

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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.

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