John Hancock Investors Trust (NYSE:JHI) Shares Cross Above 50-Day Moving Average – Should You Sell?

John Hancock Investors Trust (NYSE:JHI)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.27 and traded as high as $13.32. John Hancock Investors Trust shares last traded at $13.29, with a volume of 8,474 shares trading hands.

John Hancock Investors Trust Stock Up 0.2%

The stock’s 50 day moving average is $13.27 and its two-hundred day moving average is $13.53.

John Hancock Investors Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a $0.297 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Thursday, June 11th. This is a positive change from John Hancock Investors Trust’s previous quarterly dividend of $0.26.

Institutional Trading of John Hancock Investors Trust

A number of hedge funds have recently bought and sold shares of the business. 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 valued at $433,000 after acquiring an additional 863 shares during the last quarter. Aviance Capital Partners LLC raised its holdings in John Hancock Investors Trust by 3.9% in the 4th quarter. Aviance Capital Partners LLC now owns 35,696 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 1,340 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in John Hancock Investors Trust by 4.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 40,157 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 1,644 shares during the last quarter. Riverbridge Partners LLC raised its holdings in 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 valued at $617,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in John Hancock Investors Trust by 5.1% in the 2nd quarter. Invesco Ltd. now owns 75,480 shares of the financial services provider’s stock valued at $1,045,000 after acquiring an additional 3,689 shares during the last quarter. 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.