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

John Hancock Investors Trust (NYSE:JHI – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

John Hancock Investors Trust Stock Performance

The firm’s 50-day moving average is $13.26 and its two-hundred day moving average is $13.38.

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John Hancock Investors Trust Increases Dividend

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

Institutional Trading of John Hancock Investors Trust

A number of institutional investors have recently made changes to their positions in JHI. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Investors Trust during the second quarter worth $69,000. Ameriprise Financial Inc. lifted its stake in shares of John Hancock Investors Trust by 63.3% in 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 in the last quarter. World Investment Advisors acquired a new position in John Hancock Investors Trust during the first quarter worth about $299,000. 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 acquiring an additional 863 shares during the last quarter. Finally, Aviance Capital Partners LLC grew its stake in John Hancock Investors Trust by 3.9% during the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,340 shares in the last quarter. 27.01% of the stock is owned by institutional investors and hedge funds.

John Hancock Investors Trust Company Profile

(Get Free Report)

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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