John Hancock Investors Trust (NYSE:JHI - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.97 and traded as low as $13.58. John Hancock Investors Trust shares last traded at $13.62, with a volume of 9,790 shares changing hands.
John Hancock Investors Trust Stock Performance
The firm's 50-day simple moving average is $13.95 and its 200 day simple moving average is $14.00.
John Hancock Investors Trust Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be issued a dividend of $0.2349 per share. This represents a $0.94 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Thursday, March 13th.
Institutional Investors Weigh In On John Hancock Investors Trust
A number of hedge funds and other institutional investors have recently modified their holdings of JHI. Quarry LP acquired a new stake in shares of John Hancock Investors Trust in the 4th quarter worth approximately $29,000. Noble Wealth Management PBC acquired a new stake in John Hancock Investors Trust in the fourth quarter valued at $33,000. HighTower Advisors LLC purchased a new position in shares of John Hancock Investors Trust in the third quarter valued at $138,000. Aviance Capital Partners LLC increased its position in shares of John Hancock Investors Trust by 9.3% in the fourth quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider's stock valued at $304,000 after buying an additional 1,888 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of John Hancock Investors Trust in the 3rd quarter worth about $402,000. 27.01% of the stock is currently owned by institutional investors and hedge funds.
About John Hancock Investors Trust
(
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John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities.
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