John Hancock Investors Trust (NYSE:JHI) Stock Passes Above 50 Day Moving Average of $13.58

John Hancock Investors Trust (NYSE:JHI) passed 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 changing hands.

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 company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.3134 per share. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 9.11%.

Institutional Trading of John Hancock Investors Trust

Large investors have recently made changes to their positions in the business. Capital Investment Advisors LLC grew its position in John Hancock Investors Trust by 3.4% during the 2nd quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 4,956 shares during the period. Simplicity Wealth LLC acquired a new position in John Hancock Investors Trust in the second quarter valued at approximately $178,000. Allspring Global Investments Holdings LLC boosted its position in John Hancock Investors Trust by 16.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider’s stock worth $1,336,000 after purchasing an additional 14,545 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in shares of John Hancock Investors Trust during the 1st quarter worth approximately $359,000. Finally, 1607 Capital Partners LLC grew its stake in shares of 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. 27.01% of the stock is owned by hedge funds and other 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.