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

John Hancock Investors Trust (NYSE:JHI) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.75 and traded as high as $13.76. John Hancock Investors Trust shares last traded at $13.7350, with a volume of 18,177 shares changing hands.

John Hancock Investors Trust Price Performance

The company has a 50 day simple moving average of $13.75 and a 200-day simple moving average of $13.91.

John Hancock Investors Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a $0.3649 dividend. The ex-dividend date was Thursday, December 11th. This represents a $1.46 dividend on an annualized basis and a yield of 10.6%. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.32.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHI. Raymond James Financial Inc. purchased a new position in shares of John Hancock Investors Trust in the second quarter worth about $69,000. Ameriprise Financial Inc. grew its stake in 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 buying an additional 8,228 shares in the last quarter. Aviance Capital Partners LLC grew its stake in John Hancock Investors Trust by 18.2% in 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 raised its holdings in John Hancock Investors Trust by 3.8% during the 2nd quarter. Riverbridge Partners LLC now owns 32,854 shares of the financial services provider’s stock valued at $455,000 after acquiring an additional 1,204 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its position in shares of John Hancock Investors Trust by 4.3% during the third quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 1,644 shares in the last quarter. Institutional investors own 27.01% of the company’s stock.

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.