John Hancock Income Securities Trust (NYSE:JHS) Trading Down 0.3% – Here’s What Happened

John Hancock Income Securities Trust (NYSE:JHS)’s share price traded down 0.3% during mid-day trading on Friday . The company traded as low as $11.77 and last traded at $11.7820. 11,625 shares traded hands during trading, a decline of 49% from the average session volume of 22,664 shares. The stock had previously closed at $11.82.

John Hancock Income Securities Trust Price Performance

The company’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $11.58.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a $0.1831 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.73 dividend on an annualized basis and a yield of 6.2%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Institutional Trading of John Hancock Income Securities Trust

A number of large investors have recently made changes to their positions in the company. Prestige Wealth Management Group LLC purchased a new position in John Hancock Income Securities Trust in the third quarter worth approximately $42,000. Wolverine Asset Management LLC lifted its position in shares of John Hancock Income Securities Trust by 5,395.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 5,395 shares during the last quarter. Brick & Kyle Associates acquired a new position in shares of John Hancock Income Securities Trust during the second quarter worth $238,000. Cary Street Partners Financial LLC purchased a new position in John Hancock Income Securities Trust in the second quarter valued at $377,000. Finally, Baird Financial Group Inc. increased its holdings in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after buying an additional 11,587 shares during the last quarter.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.