John Hancock Investors Trust (NYSE:JHI) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of John Hancock Investors Trust (NYSE:JHI) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.97 and traded as low as $13.58. John Hancock Investors Trust shares last traded at $13.62, with a volume of 9,790 shares traded.

John Hancock Investors Trust Price Performance

The company has a fifty day simple moving average of $13.95 and a two-hundred day simple moving average of $14.01.

John Hancock Investors Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be given a dividend of $0.2349 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.94 dividend on an annualized basis and a yield of 6.90%.

Institutional Investors Weigh In On John Hancock Investors Trust

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in John Hancock Investors Trust during the 4th quarter valued at about $29,000. 1607 Capital Partners LLC increased its holdings in shares of John Hancock Investors Trust by 40.3% during the 4th quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider’s stock valued at $7,340,000 after purchasing an additional 154,174 shares in the last quarter. Invesco Ltd. increased its holdings in John Hancock Investors Trust by 7.0% in the fourth quarter. Invesco Ltd. now owns 69,421 shares of the financial services provider’s stock valued at $950,000 after buying an additional 4,551 shares in the last quarter. Sit Investment Associates Inc. increased its stake in shares of John Hancock Investors Trust by 48.8% in the 4th quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider’s stock valued at $4,473,000 after purchasing an additional 107,179 shares in the last quarter. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in shares of John Hancock Investors Trust during the 4th quarter worth approximately $595,000. Institutional investors and hedge funds 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.