John Hancock Investors Trust (NYSE:JHI) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of 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 $13.28 and traded as low as $13.22. John Hancock Investors Trust shares last traded at $13.24, with a volume of 11,712 shares trading hands.

John Hancock Investors Trust Price Performance

The stock has a fifty day moving average of $13.28 and a 200 day moving average of $13.34.

John Hancock Investors Trust Increases Dividend

The business also recently declared 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. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. This represents a $1.19 annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Thursday, June 11th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JHI. Bank of America Corp DE lifted its position in shares of John Hancock Investors Trust by 2.6% during the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock valued at $433,000 after buying an additional 863 shares in the last quarter. Aviance Capital Partners LLC increased its holdings in John Hancock Investors Trust by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,340 shares in the last quarter. Riverbridge Partners LLC raised its stake in John Hancock Investors Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 1,855 shares during the period. Invesco Ltd. raised its stake in John Hancock Investors Trust by 5.1% during the 2nd quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider’s stock worth $1,045,000 after acquiring an additional 3,689 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in John Hancock Investors Trust by 100.0% during the third quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 27.01% of the company’s stock.

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.