John Hancock Investors Trust (NYSE:JHI) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of John Hancock Investors Trust (NYSE:JHI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.81 and traded as high as $14.25. John Hancock Investors Trust shares last traded at $14.22, with a volume of 12,761 shares traded.

John Hancock Investors Trust Stock Up 0.4 %

The company’s fifty day moving average is $13.81 and its two-hundred day moving average is $13.51.

John Hancock Investors Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.3134 per share. The ex-dividend date was Friday, September 13th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.82%. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.22.

Institutional Trading of John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of JHI. Allspring Global Investments Holdings LLC increased its holdings in shares of John Hancock Investors Trust by 16.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 100,488 shares of the financial services provider’s stock valued at $1,336,000 after acquiring an additional 14,545 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in John Hancock Investors Trust by 3.4% during the second quarter. Capital Investment Advisors LLC now owns 150,078 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 4,956 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in John Hancock Investors Trust in the second quarter valued at approximately $178,000. 27.01% of the stock is currently owned by institutional investors and hedge funds.

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.