Sit Investment Associates Inc. Sells 87,660 Shares of John Hancock Income Securities Trust $JHS

Sit Investment Associates Inc. lessened its stake in John Hancock Income Securities Trust (NYSE:JHS) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,208,993 shares of the financial services provider’s stock after selling 87,660 shares during the quarter. John Hancock Income Securities Trust makes up about 0.7% of Sit Investment Associates Inc.’s holdings, making the stock its 28th largest position. Sit Investment Associates Inc. owned approximately 25.55% of John Hancock Income Securities Trust worth $37,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. 1607 Capital Partners LLC lifted its holdings in shares of 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 valued at $15,110,000 after purchasing an additional 28,770 shares in the last quarter. Riverbridge Partners LLC lifted its holdings in John Hancock Income Securities Trust by 158.3% during the fourth 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 during the period. Fiera Capital Corp lifted its holdings in John Hancock Income Securities Trust by 35.7% during the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after acquiring an additional 27,841 shares during the period. Baird Financial Group Inc. lifted its holdings in John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 11,587 shares during the period. Finally, Cary Street Partners Financial LLC lifted its holdings in John Hancock Income Securities Trust by 42.7% during the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 14,239 shares during the period.

John Hancock Income Securities Trust Trading Down 1.0%

Shares of John Hancock Income Securities Trust stock opened at $10.96 on Friday. The business’s fifty day simple moving average is $11.11 and its 200 day simple moving average is $11.39. John Hancock Income Securities Trust has a 12 month low of $10.74 and a 12 month high of $12.09.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a dividend of $0.1535 per share. This represents a $0.61 dividend on an annualized basis and a yield of 5.6%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, June 11th.

John Hancock Income Securities Trust 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.