John Hancock Investors Trust (NYSE:JHI) Stock Crosses Below 50 Day Moving Average - What's Next?

Key Points

• JHI shares fell below their 50-day moving average, trading as low as $11.90 versus the $12.67 average; the last reported price was $11.9210.
• John Hancock Investors Trust reduced its quarterly dividend to $0.294 per share from $0.297, equating to an annualized dividend of $1.18 and a 9.9% yield.
• Institutional and hedge-fund investors own 27.01% of the trust, with several firms recently initiating or increasing their positions.

John Hancock Investors Trust (NYSE:JHI - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $12.67 and traded as low as $11.90. John Hancock Investors Trust shares last traded at $11.9210, with a volume of 42,466 shares changing hands.

John Hancock Investors Trust Stock Performance

The firm has a 50 day moving average price of $12.67 and a two-hundred day moving average price of $13.06.

John Hancock Investors Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.2940 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.9%. This is a drop from John Hancock Investors Trust's previous quarterly dividend of $0.2970. The ex-dividend date of this dividend was Friday, September 11th.

Institutional Investors Weigh In On John Hancock Investors Trust

Several hedge funds have recently modified their holdings of JHI. IFP Advisors Inc acquired a new stake in John Hancock Investors Trust during the 2nd quarter worth about $32,000. World Investment Advisors purchased a new stake in John Hancock Investors Trust during the first quarter valued at about $299,000. Bank of America Corp DE boosted its holdings in shares of John Hancock Investors Trust by 2.6% in the first quarter. Bank of America Corp DE now owns 33,545 shares of the financial services provider's stock worth $433,000 after buying an additional 863 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of John Hancock Investors Trust by 4.0% in the first quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider's stock worth $617,000 after buying an additional 1,855 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in shares of John Hancock Investors Trust by 12.8% in the third quarter. Shaker Financial Services LLC now owns 148,070 shares of the financial services provider's stock worth $1,829,000 after buying an additional 16,798 shares during the period. 27.01% of the stock is owned by hedge funds and other institutional investors.

About John Hancock Investors Trust

John Hancock Investors Trust NYSE: JHI is a publicly traded closed-end investment company. The fund seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities, including common stocks of companies across a range of industries.

The trust is managed by John Hancock Investment Management, an asset-management organization affiliated with Manulife Investment Management. Its portfolio is professionally selected and managed, with investment decisions based on research and analysis of individual companies and broader market conditions.

As a closed-end fund, John Hancock Investors Trust issues a fixed number of shares that trade on the New York Stock Exchange.

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