John Hancock Investors Trust (NYSE:JHI) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• John Hancock Investors Trust shares fell below their 50-day moving average of $13.27, reaching $12.93 before closing at $12.955, down 0.9%.
• The trust announced a quarterly dividend of $0.294 per share, equal to $1.18 annually and a 9.1% dividend yield.
• Institutional investors and hedge funds own approximately 27.01% of the stock, with several firms increasing or initiating positions.

John Hancock Investors Trust (NYSE:JHI - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $13.27 and traded as low as $12.93. John Hancock Investors Trust shares last traded at $12.9550, with a volume of 35,482 shares traded.

John Hancock Investors Trust Trading Down 0.9%

The firm has a 50-day moving average of $13.27 and a 200 day moving average of $13.28.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.294 per share. This represents a $1.18 annualized dividend and a dividend yield of 9.1%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On John Hancock Investors Trust

A number of hedge funds have recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in shares of John Hancock Investors Trust in the 2nd quarter valued at about $32,000. Bank of America Corp DE raised its position in shares of John Hancock Investors Trust by 2.6% during 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 during the period. World Investment Advisors bought a new stake in shares of John Hancock Investors Trust in the 1st quarter worth approximately $299,000. Riverbridge Partners LLC lifted its holdings in shares of John Hancock Investors Trust by 4.0% in the 1st quarter. Riverbridge Partners LLC now owns 47,763 shares of the financial services provider's stock worth $617,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its position in 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 valued at $8,162,000 after purchasing an additional 64,495 shares during the period. 27.01% of the stock is currently owned by institutional investors and hedge funds.

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.

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