John Hancock Investors Trust (NYSE:JHI) Shares Pass Below 50 Day Moving Average of $13.37

John Hancock Investors Trust (NYSE:JHI)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.37 and traded as low as $13.20. John Hancock Investors Trust shares last traded at $13.23, with a volume of 20,285 shares trading hands.

John Hancock Investors Trust Stock Performance

The business has a 50 day moving average price of $13.37 and a 200 day moving average price of $13.16.

John Hancock Investors Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a $0.222 dividend. This represents a $0.89 annualized dividend and a yield of 6.71%. The ex-dividend date is Thursday, June 13th. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.20.

Institutional Trading of John Hancock Investors Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Riverbridge Partners LLC purchased a new position in John Hancock Investors Trust in the 1st quarter worth about $359,000. Allspring Global Investments Holdings LLC increased its position in shares of John Hancock Investors Trust by 300.0% during 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 acquiring an additional 64,458 shares during the period. 1607 Capital Partners LLC raised its stake in shares of John Hancock Investors Trust by 47.9% during the fourth quarter. 1607 Capital Partners LLC now owns 766,901 shares of the financial services provider’s stock valued at $9,924,000 after acquiring an additional 248,400 shares in the last quarter. Shaker Financial Services LLC boosted 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 valued at $2,517,000 after purchasing an additional 43,927 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in 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 purchasing an additional 4,546 shares in the last quarter. 27.01% of the stock is currently owned by institutional investors.

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.