John Hancock Investors Trust (NYSE:JHI) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of John Hancock Investors Trust (NYSE:JHI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.75 and traded as high as $13.78. John Hancock Investors Trust shares last traded at $13.7550, with a volume of 33,069 shares changing hands.

John Hancock Investors Trust Stock Performance

The stock’s 50 day moving average is $13.75 and its 200-day moving average is $13.90.

John Hancock Investors Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were given a dividend of $0.3649 per share. The ex-dividend date was Thursday, December 11th. This represents a $1.46 annualized dividend and a dividend yield of 10.6%. This is a positive change from John Hancock Investors Trust’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in John Hancock Investors Trust during the second quarter valued at approximately $69,000. Ameriprise Financial Inc. boosted its holdings in shares of John Hancock Investors Trust by 63.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 8,228 shares during the period. Aviance Capital Partners LLC increased its position in shares of John Hancock Investors Trust by 18.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 32,485 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 5,011 shares during the last quarter. Riverbridge Partners LLC increased its position in shares of John Hancock Investors Trust by 2.4% during the 3rd quarter. Riverbridge Partners LLC now owns 33,638 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 784 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in John Hancock Investors Trust by 4.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock valued at $562,000 after buying an additional 1,644 shares during the period. Hedge funds and other institutional investors own 27.01% of the company’s stock.

About John Hancock Investors Trust

John Hancock Investors Trust (NYSE: JHI) is a closed-end management investment company that offers investors access to a diversified portfolio of global securities. Established in 1929, the trust seeks to combine long-term capital growth with income generation through active portfolio management. Shares of the fund trade on the New York Stock Exchange, providing investors with the liquidity of an exchange-traded security alongside the diversification benefits of a professionally managed fund structure.

The fund’s investment strategy emphasizes a multi-asset approach, allocating capital across global equities, fixed-income instruments and convertible securities.