John Hancock Income Securities Trust (NYSE:JHS) insider Steven R. Pruchansky purchased 783 shares of John Hancock Income Securities Trust stock in a transaction dated Friday, January 4th. The shares were purchased at an average cost of $12.91 per share, with a total value of $10,108.53. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of JHS opened at $13.01 on Thursday. John Hancock Income Securities Trust has a 1 year low of $12.38 and a 1 year high of $15.12.

The company also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Thursday, December 13th were issued a dividend of $0.2085 per share. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 12th. This represents a $0.83 annualized dividend and a dividend yield of 6.41%.

An institutional investor recently raised its position in John Hancock Income Securities Trust stock. Wells Fargo & Company MN grew its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 38.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 580,729 shares of the financial services provider’s stock after acquiring an additional 161,157 shares during the quarter. Wells Fargo & Company MN owned about 4.98% of John Hancock Income Securities Trust worth $7,782,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 28.72% of the company’s stock.

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John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.

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