John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Below 50 Day Moving Average – Here’s Why

John Hancock Income Securities Trust (NYSE:JHS)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.68 and traded as low as $11.50. John Hancock Income Securities Trust shares last traded at $11.5650, with a volume of 11,267 shares changing hands.

John Hancock Income Securities Trust Stock Up 0.3%

The company’s fifty day simple moving average is $11.68 and its two-hundred day simple moving average is $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a $0.1421 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, September 12th.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Several institutional investors have recently modified their holdings of the business. 1607 Capital Partners LLC raised its holdings in John Hancock Income Securities Trust by 14.1% during the 1st quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider’s stock worth $14,393,000 after buying an additional 156,500 shares during the period. Sit Investment Associates Inc. raised its holdings in shares of John Hancock Income Securities Trust by 4.4% during the first quarter. Sit Investment Associates Inc. now owns 2,958,494 shares of the financial services provider’s stock worth $33,549,000 after acquiring an additional 125,466 shares during the period. Cary Street Partners Financial LLC bought a new stake in John Hancock Income Securities Trust in the 2nd quarter valued at $377,000. Brick & Kyle Associates acquired a new position in John Hancock Income Securities Trust in the 2nd quarter worth $238,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in 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 in the last quarter.

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 Investment Management 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.