John Hancock Investors Trust (NYSE:JHI) Shares Pass Above 50 Day Moving Average – Here’s Why

John Hancock Investors Trust (NYSE:JHI)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.26 and traded as high as $13.41. John Hancock Investors Trust shares last traded at $13.3740, with a volume of 7,189 shares.

John Hancock Investors Trust Trading Up 0.3%

The firm’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $13.38.

John Hancock Investors Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a dividend of $0.297 per share. This represents a $1.19 annualized dividend and a dividend yield of 8.9%. This is a boost from John Hancock Investors Trust’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, June 11th.

Hedge Funds Weigh In On John Hancock Investors Trust

Several hedge funds and other institutional investors have recently bought and sold shares of JHI. Sit Investment Associates Inc. raised its position in shares of John Hancock Investors Trust by 12.1% in the 4th quarter. Sit Investment Associates Inc. now owns 597,048 shares of the financial services provider’s stock worth $8,162,000 after acquiring an additional 64,495 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of John Hancock Investors Trust by 16.0% during the fourth quarter. Guggenheim Capital LLC now owns 191,795 shares of the financial services provider’s stock valued at $2,622,000 after acquiring an additional 26,388 shares in the last quarter. Invesco Ltd. increased its stake in 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 valued at $1,786,000 after purchasing an additional 23,435 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of John Hancock Investors Trust by 7.0% in the 4th quarter. Osaic Holdings Inc. now owns 88,936 shares of the financial services provider’s stock worth $1,216,000 after acquiring an additional 5,805 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of John Hancock Investors Trust in the fourth quarter worth approximately $989,000. 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.