John Hancock Investors Trust (NYSE:JHI) Shares Cross Above 50-Day Moving Average – What’s Next?

John Hancock Investors Trust (NYSE:JHI) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.27 and traded as high as $13.32. John Hancock Investors Trust shares last traded at $13.29, with a volume of 8,474 shares.

John Hancock Investors Trust Stock Up 0.8%

The stock’s fifty day moving average price is $13.28 and its 200 day moving average price is $13.52.

John Hancock Investors Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.297 per share. This represents a $1.19 annualized dividend and a yield of 9.0%. The ex-dividend date is Thursday, June 11th. This is a positive change from John Hancock Investors Trust’s previous quarterly dividend of $0.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in John Hancock Investors Trust during the 2nd quarter worth about $69,000. Ameriprise Financial Inc. grew its holdings in John Hancock Investors Trust by 63.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 21,231 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 8,228 shares in the last quarter. World Investment Advisors bought a new position in John Hancock Investors Trust during the 1st quarter worth about $299,000. Bank of America Corp DE grew its holdings in John Hancock Investors Trust by 2.6% during the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider’s stock worth $433,000 after acquiring an additional 863 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in John Hancock Investors Trust by 3.9% during the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock worth $488,000 after acquiring an additional 1,340 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 (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.