John Hancock Investors Trust (NYSE:JHI) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

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

John Hancock Investors Trust Stock Up 0.1%

The company has a 50 day simple moving average of $13.75 and a two-hundred day simple moving average of $13.90.

John Hancock Investors Trust Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Shaker Financial Services LLC lifted its position in shares of John Hancock Investors Trust by 25.2% in the second quarter. Shaker Financial Services LLC now owns 183,223 shares of the financial services provider’s stock worth $2,537,000 after buying an additional 36,824 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in 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 buying an additional 5,011 shares in the last quarter. Riverbridge Partners LLC increased its stake in John Hancock Investors Trust by 36.5% in the 4th quarter. Riverbridge Partners LLC now owns 45,908 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 12,270 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of John Hancock Investors Trust by 25.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 26,612 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 5,381 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of John Hancock Investors Trust by 100.0% during the 3rd quarter. Raymond James Financial Inc. now owns 10,000 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 5,000 shares in the last quarter. 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.