John Hancock Investors Trust (NYSE:JHI) Stock Crosses Below 50 Day Moving Average of $13.40

John Hancock Investors Trust (NYSE:JHI)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.40 and traded as low as $13.24. John Hancock Investors Trust shares last traded at $13.30, with a volume of 19,347 shares trading hands.

John Hancock Investors Trust Stock Performance

The stock’s 50-day moving average is $13.40 and its 200 day moving average is $13.19.

John Hancock Investors Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were given a dividend of $0.222 per share. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.89 dividend on an annualized basis and a yield of 6.68%.

Institutional Investors Weigh In On John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of JHI. Riverbridge Partners LLC purchased a new position in shares of John Hancock Investors Trust in the first quarter worth $359,000. Allspring Global Investments Holdings LLC raised its holdings in shares of John Hancock Investors Trust by 300.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 85,943 shares of the financial services provider’s stock worth $1,134,000 after buying an additional 64,458 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of John Hancock Investors Trust by 3.6% in the fourth quarter. Capital Investment Advisors LLC now owns 129,883 shares of the financial services provider’s stock worth $1,681,000 after buying an additional 4,546 shares during the last quarter. Shaker Financial Services LLC raised its holdings in shares of John Hancock Investors Trust by 29.2% in the fourth quarter. Shaker Financial Services LLC now owns 194,481 shares of the financial services provider’s stock worth $2,517,000 after buying an additional 43,927 shares during the last quarter. Finally, 1607 Capital Partners LLC raised its holdings in shares of John Hancock Investors Trust by 47.9% in the fourth quarter. 1607 Capital Partners LLC now owns 766,901 shares of the financial services provider’s stock worth $9,924,000 after buying an additional 248,400 shares during the last quarter. Hedge funds and other institutional investors own 27.01% of the company’s stock.

John Hancock Investors Trust Company Profile

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.