John Hancock Income Securities Trust (NYSE:JHS) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

John Hancock Income Securities Trust (NYSE:JHS) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.43 and traded as low as $11.02. John Hancock Income Securities Trust shares last traded at $11.05, with a volume of 839 shares traded.

John Hancock Income Securities Trust Trading Down 0.1%

The firm has a 50-day moving average of $11.08 and a 200 day moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a dividend of $0.1377 per share. The ex-dividend date was Thursday, March 12th. This represents a $0.55 annualized dividend and a dividend yield of 5.0%.

Institutional Trading of John Hancock Income Securities Trust

Hedge funds have recently made changes to their positions in the stock. Baird Financial Group Inc. increased its holdings in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after buying an additional 11,587 shares during the last quarter. Fiera Capital Corp lifted its stake 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 purchasing an additional 10,836 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in John Hancock Income Securities Trust during the third quarter worth approximately $42,000. Cary Street Partners Financial LLC grew its position in John Hancock Income Securities Trust by 42.7% in the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock worth $556,000 after buying an additional 14,239 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its position in John Hancock Income Securities Trust by 2.3% in 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 buying an additional 28,770 shares during the last quarter.

About John Hancock Income Securities Trust

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.