John Hancock Investors Trust (NYSE:JHI) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

John Hancock Investors Trust (NYSE:JHI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.94 and traded as high as $14.19. John Hancock Investors Trust shares last traded at $14.12, with a volume of 7,313 shares changing hands.

John Hancock Investors Trust Stock Performance

The company’s 50-day moving average price is $13.99 and its 200-day moving average price is $13.94.

John Hancock Investors Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a dividend of $0.3455 per share. This represents a $1.38 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JHI. Capital Investment Advisors LLC lifted its stake in John Hancock Investors Trust by 2.0% during the third quarter. Capital Investment Advisors LLC now owns 153,018 shares of the financial services provider’s stock worth $2,151,000 after purchasing an additional 2,940 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in John Hancock Investors Trust by 1.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 101,503 shares of the financial services provider’s stock worth $1,427,000 after purchasing an additional 1,015 shares in the last quarter. Landscape Capital Management L.L.C. lifted its position in shares of John Hancock Investors Trust by 10.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 26,077 shares of the financial services provider’s stock worth $367,000 after buying an additional 2,460 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of John Hancock Investors Trust during the 3rd quarter worth approximately $138,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of John Hancock Investors Trust in the 3rd quarter valued at $402,000. 27.01% of the stock is owned by institutional investors and hedge funds.

About John Hancock Investors Trust

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.