John Hancock Investors Trust (NYSE:JHI) Share Price Passes Below 50-Day Moving Average of $13.12

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 $13.12 and traded as low as $13.00. John Hancock Investors Trust shares last traded at $13.06, with a volume of 14,582 shares traded.

John Hancock Investors Trust Stock Performance

The firm’s 50 day simple moving average is $13.12 and its 200-day simple moving average is $12.79.

John Hancock Investors Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were paid a dividend of $0.2014 per share. The ex-dividend date was Friday, March 8th. This represents a $0.81 annualized dividend and a yield of 6.17%.

Institutional Investors Weigh In On John Hancock Investors Trust

Several institutional investors have recently bought and sold shares of JHI. Moors & Cabot Inc. purchased a new stake in John Hancock Investors Trust during the third quarter worth approximately $122,000. Logan Stone Capital LLC acquired a new position in shares of John Hancock Investors Trust during the fourth quarter worth $128,000. Wells Fargo & Company MN lifted its position in shares of John Hancock Investors Trust by 37.6% during the fourth quarter. Wells Fargo & Company MN now owns 10,942 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,990 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of John Hancock Investors Trust during the fourth quarter worth $159,000. Finally, UBS Group AG lifted its position in shares of John Hancock Investors Trust by 13.9% during the fourth quarter. UBS Group AG now owns 15,160 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 1,850 shares in the last quarter. 27.01% of the stock is currently owned by hedge funds and other institutional investors.

About John Hancock Investors Trust

John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities.