John Hancock Investors Trust (NYSE:JHI - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.28 and traded as low as $13.22. John Hancock Investors Trust shares last traded at $13.24, with a volume of 11,712 shares.
John Hancock Investors Trust Price Performance
The business's 50-day simple moving average is $13.28 and its 200-day simple moving average is $13.34.
John Hancock Investors Trust Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a $0.297 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This is a positive change from John Hancock Investors Trust's previous quarterly dividend of $0.26. This represents a $1.19 dividend on an annualized basis and a yield of 9.0%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in JHI. Bank of America Corp DE raised its holdings in John Hancock Investors Trust by 2.6% in the 1st quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider's stock worth $433,000 after purchasing an additional 863 shares in the last quarter. World Investment Advisors bought a new stake in shares of John Hancock Investors Trust during the 1st quarter valued at about $299,000. Riverbridge Partners LLC boosted its stake in shares of John Hancock Investors Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider's stock valued at $617,000 after purchasing an additional 1,855 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of John Hancock Investors Trust by 12.1% during the fourth quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider's stock valued at $8,162,000 after buying an additional 64,495 shares during the period. Finally, Invesco Ltd. increased its position in shares of John Hancock Investors Trust by 21.9% during the fourth quarter. Invesco Ltd. now owns 130,641 shares of the financial services provider's stock valued at $1,786,000 after buying an additional 23,435 shares during the period. 27.01% of the stock is owned by hedge funds and other institutional investors.
About John Hancock Investors Trust
(
Get Free Report)
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.
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