John Hancock Investors Trust (NYSE:JHI) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of John Hancock Investors Trust (NYSE:JHI) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

John Hancock Investors Trust Stock Up 0.2%

The stock’s fifty day simple moving average is $13.27 and its 200 day simple moving average is $13.53.

John Hancock Investors Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.297 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.9%. This is an increase from John Hancock Investors Trust’s previous quarterly dividend of $0.26.

Institutional Trading of John Hancock Investors Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in JHI. Advisors Asset Management Inc. acquired a new stake in shares of John Hancock Investors Trust during the 4th quarter worth approximately $989,000. Sit Investment Associates Inc. increased its holdings in shares of John Hancock Investors Trust by 12.1% during the 4th quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock worth $8,162,000 after buying an additional 64,495 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of John Hancock Investors Trust by 16.0% during the 4th quarter. Guggenheim Capital LLC now owns 191,795 shares of the financial services provider’s stock worth $2,622,000 after buying an additional 26,388 shares during the last quarter. Invesco Ltd. increased its holdings in shares of John Hancock Investors Trust by 21.9% during the 4th quarter. Invesco Ltd. now owns 130,641 shares of the financial services provider’s stock worth $1,786,000 after buying an additional 23,435 shares during the last quarter. Finally, World Investment Advisors acquired a new stake in shares of John Hancock Investors Trust during the 1st quarter worth approximately $299,000. Institutional investors and hedge funds 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.