John Hancock Income Securities Trust (NYSE:JHS) Shares Down 0.3% – What’s Next?

John Hancock Income Securities Trust (NYSE:JHS)’s stock price traded down 0.3% during trading on Friday . The stock traded as low as $11.77 and last traded at $11.7820. 11,625 shares were traded during mid-day trading, a decline of 49% from the average session volume of 22,664 shares. The stock had previously closed at $11.82.

John Hancock Income Securities Trust Trading Down 0.3%

The business’s 50-day moving average price is $11.63 and its 200 day moving average price is $11.57.

John Hancock Income Securities Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were given a dividend of $0.1831 per share. The ex-dividend date was Thursday, December 11th. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.73 annualized dividend and a yield of 6.2%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of John Hancock Income Securities Trust by 1.1% in 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. 1607 Capital Partners LLC lifted its position in John Hancock Income Securities Trust by 2.3% in the 3rd quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after buying an additional 28,770 shares during the last quarter. Riverbridge Partners LLC boosted its stake in John Hancock Income Securities Trust by 158.3% in the fourth quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock worth $2,261,000 after buying an additional 118,311 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in John Hancock Income Securities Trust by 7.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 186,299 shares of the financial services provider’s stock valued at $2,175,000 after acquiring an additional 12,407 shares during the last quarter. Finally, Fiera Capital Corp grew its position in John Hancock Income Securities Trust by 16.1% during the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after acquiring an additional 10,836 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.