John Hancock Investors Trust (NYSE:JHI) Stock Crosses Below 50 Day Moving Average – Should You Sell?

John Hancock Investors Trust (NYSE:JHI)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.27 and traded as low as $12.93. John Hancock Investors Trust shares last traded at $12.9550, with a volume of 35,482 shares.

John Hancock Investors Trust Stock Performance

The firm’s 50 day moving average price is $13.26 and its two-hundred day moving average price is $13.28.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be issued a dividend of $0.294 per share. The ex-dividend date is Friday, September 11th. This represents a $1.18 annualized dividend and a yield of 9.3%.

Institutional Investors Weigh In On John Hancock Investors Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHI. Invesco Ltd. lifted its position in John Hancock Investors Trust by 5.1% during the 2nd quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 3,689 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of John Hancock Investors Trust in the 2nd quarter valued at about $69,000. Ameriprise Financial Inc. grew 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 valued at $294,000 after acquiring an additional 8,228 shares in the last quarter. Aviance Capital Partners LLC increased its position in shares of John Hancock Investors Trust by 3.9% in the fourth quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in shares of John Hancock Investors Trust in the fourth quarter valued at about $989,000. 27.01% of the stock is currently owned by institutional investors and hedge funds.

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.