John Hancock Investors Trust (NYSE:JHI) Share Price Crosses Below 50 Day Moving Average – What’s Next?

John Hancock Investors Trust (NYSE:JHI) shares crossed 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.

John Hancock Investors Trust Stock Up 0.3 %

The company’s fifty day moving average is $13.97 and its two-hundred day moving average is $14.01.

John Hancock Investors Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be paid a $0.2349 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On John Hancock Investors Trust

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