John Hancock Investors Trust (NYSE:JHI) Stock Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• JHI crossed below its 50-day moving average, trading as low as $12.88 and last at $12.945, which is also below the 200-day moving average of $13.73 — a potentially bearish technical signal.
• The trust recently paid a quarterly dividend of $0.2631 per share (annualized $1.05), reflecting a yield of about 8.1%.
• About 27.0% of the stock is held by institutions; notable moves include Ameriprise increasing its stake by 63.3% in Q2 and Raymond James initiating a small position.

John Hancock Investors Trust (NYSE:JHI - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.55 and traded as low as $12.88. John Hancock Investors Trust shares last traded at $12.9450, with a volume of 45,375 shares changing hands.

John Hancock Investors Trust Stock Performance

The company has a 50 day moving average of $13.55 and a 200-day moving average of $13.73.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a dividend of $0.2631 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Thursday, March 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in John Hancock Investors Trust during the second quarter worth about $69,000. Ameriprise Financial Inc. boosted its stake in John Hancock Investors Trust by 63.3% in the second 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 during the period. Riverbridge Partners LLC boosted its stake in John Hancock Investors Trust by 2.4% in the third quarter. Riverbridge Partners LLC now owns 33,638 shares of the financial services provider's stock valued at $471,000 after acquiring an additional 784 shares during the period. Aviance Capital Partners LLC grew its holdings in shares of John Hancock Investors Trust by 5.8% during the third quarter. Aviance Capital Partners LLC now owns 34,356 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings 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 valued at $562,000 after purchasing an additional 1,644 shares during the last quarter. 27.01% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.