John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

John Hancock Income Securities Trust (NYSE:JHS)’s share price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.44 and traded as low as $10.37. John Hancock Income Securities Trust shares last traded at $10.40, with a volume of 17,648 shares.

John Hancock Income Securities Trust Stock Down 1.3%

The company has a fifty day moving average of $10.44 and a 200 day moving average of $10.97.

John Hancock Income Securities Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a $0.1546 dividend. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535. The ex-dividend date was Friday, September 11th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.9%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of John Hancock Income Securities Trust during the first quarter worth $27,000. Riverbridge Partners LLC boosted its position in shares of John Hancock Income Securities Trust by 3.1% during the 3rd quarter. Riverbridge Partners LLC now owns 212,978 shares of the financial services provider’s stock valued at $2,208,000 after purchasing an additional 6,319 shares in the last quarter. Petra Financial Advisors Inc. boosted its position in shares of John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 6,532 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of John Hancock Income Securities Trust by 3.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 7,715 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of John Hancock Income Securities Trust by 79.5% during the 2nd quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 7,996 shares in the last quarter.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol JHS. The trust seeks to provide investors with a high level of current income while giving consideration to the preservation of capital. The fund invests primarily in income-producing fixed-income securities, including corporate bonds and other debt instruments. Its portfolio may include securities with varying credit quality and maturities, allowing the trust to pursue income through diversified exposure to the bond markets.