John Hancock Income Securities Trust (NYSE:JHS) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of John Hancock Income Securities Trust (NYSE:JHS) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.66 and traded as low as $11.63. John Hancock Income Securities Trust shares last traded at $11.68, with a volume of 15,646 shares trading hands.

John Hancock Income Securities Trust Trading Down 0.3%

The firm has a 50-day moving average of $11.66 and a two-hundred day moving average of $11.62.

John Hancock Income Securities Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were issued a dividend of $0.1831 per share. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.73 annualized dividend and a dividend yield of 6.3%.

Institutional Trading of John Hancock Income Securities Trust

A number of hedge funds have recently added to or reduced their stakes in JHS. Riverbridge Partners LLC increased its holdings in John Hancock Income Securities Trust by 158.3% in the 4th quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 118,311 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of John Hancock Income Securities Trust in the second quarter valued at about $377,000. 1607 Capital Partners LLC increased its stake in shares of John Hancock Income Securities Trust by 2.3% during the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after purchasing an additional 28,770 shares in the last quarter. Brick & Kyle Associates purchased a new stake in shares of John Hancock Income Securities Trust during the second quarter worth about $238,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of John Hancock Income Securities Trust by 1.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,489,005 shares of the financial services provider’s stock worth $17,384,000 after purchasing an additional 16,747 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.