John Hancock Income Securities Trust (NYSE:JHS) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of John Hancock Income Securities Trust (NYSE:JHS) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.93 and traded as low as $10.74. John Hancock Income Securities Trust shares last traded at $10.7850, with a volume of 9,615 shares changing hands.

John Hancock Income Securities Trust Trading Down 1.4%

The business’s fifty day simple moving average is $10.92 and its 200 day simple moving average is $11.05.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th will be given a $0.1546 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.62 annualized dividend and a dividend yield of 5.8%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.15.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. lifted its stake in John Hancock Income Securities Trust by 3.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock valued at $2,335,000 after buying an additional 7,715 shares during the period. Riverbridge Partners LLC grew its position in shares of John Hancock Income Securities Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 7,788 shares during the period. Guggenheim Capital LLC grew its position in shares of John Hancock Income Securities Trust by 60.1% during the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 49,377 shares during the period. Fiera Capital Corp grew its position in shares of John Hancock Income Securities Trust by 35.7% during the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after buying an additional 27,841 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of John Hancock Income Securities Trust by 23.9% in the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 11,587 shares during the last quarter.

About John Hancock Income Securities Trust

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.