John Hancock Investors Trust (NYSE:JHI) Stock Passes Below Fifty Day Moving Average – Time to Sell?

John Hancock Investors Trust (NYSE:JHI) passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

John Hancock Investors Trust Trading Up 0.3 %

The stock has a 50-day moving average of $13.97 and a 200 day moving average of $14.01.

John Hancock Investors Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.2349 per share. This represents a $0.94 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of John Hancock Investors Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. 1607 Capital Partners LLC lifted its position in John Hancock Investors Trust by 40.3% during the 4th quarter. 1607 Capital Partners LLC now owns 536,545 shares of the financial services provider’s stock worth $7,340,000 after buying an additional 154,174 shares in the last quarter. Sit Investment Associates Inc. lifted its position in shares of John Hancock Investors Trust by 48.8% during the fourth quarter. Sit Investment Associates Inc. now owns 326,964 shares of the financial services provider’s stock worth $4,473,000 after purchasing an additional 107,179 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new stake in shares of John Hancock Investors Trust during the fourth quarter valued at approximately $595,000. Robinson Capital Management LLC grew its stake in shares of John Hancock Investors Trust by 398.3% during the fourth quarter. Robinson Capital Management LLC now owns 43,700 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 34,930 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of John Hancock Investors Trust in the third quarter valued at approximately $402,000. 27.01% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Investors Trust Company Profile

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.