John Hancock Investors Trust (NYSE:JHI) Share Price Crosses Above 50-Day Moving Average of $13.58

John Hancock Investors Trust (NYSE:JHI)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.58 and traded as high as $13.80. John Hancock Investors Trust shares last traded at $13.77, with a volume of 12,503 shares.

John Hancock Investors Trust Price Performance

The stock has a 50-day moving average of $13.58 and a 200 day moving average of $13.38.

John Hancock Investors Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.3134 dividend. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.22. This represents a $1.25 annualized dividend and a dividend yield of 9.09%. The ex-dividend date is Friday, September 13th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. 1607 Capital Partners LLC grew its position in John Hancock Investors Trust by 47.9% during the 4th quarter. 1607 Capital Partners LLC now owns 766,901 shares of the financial services provider’s stock worth $9,924,000 after purchasing an additional 248,400 shares during the period. Capital Investment Advisors LLC grew its holdings in John Hancock Investors Trust by 3.4% during the second quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider’s stock worth $1,996,000 after acquiring an additional 4,956 shares during the period. Allspring Global Investments Holdings LLC raised its position in John Hancock Investors Trust by 16.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider’s stock valued at $1,336,000 after acquiring an additional 14,545 shares in the last quarter. Riverbridge Partners LLC acquired a new position in John Hancock Investors Trust in the first quarter valued at approximately $359,000. Finally, Simplicity Wealth LLC purchased a new stake in John Hancock Investors Trust in the 2nd quarter worth approximately $178,000. 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.