John Hancock Income Securities Trust (NYSE:JHS) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of John Hancock Income Securities Trust (NYSE:JHS) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.68 and traded as high as $11.76. John Hancock Income Securities Trust shares last traded at $11.67, with a volume of 7,205 shares traded.

John Hancock Income Securities Trust Price Performance

The company has a 50 day moving average price of $11.68 and a 200 day moving average price of $11.65.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were issued a dividend of $0.1831 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.73 annualized dividend and a yield of 6.3%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Institutional investors have recently modified their holdings of the business. Prestige Wealth Management Group LLC bought a new stake in shares of John Hancock Income Securities Trust during the third quarter worth approximately $42,000. Wolverine Asset Management LLC boosted its stake in John Hancock Income Securities Trust by 5,395.0% in the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 5,395 shares during the last quarter. Petra Financial Advisors Inc. grew its holdings in John Hancock Income Securities Trust by 72.1% during the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 8,010 shares during the period. Brick & Kyle Associates acquired a new stake in John Hancock Income Securities Trust during the 2nd quarter worth $238,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter valued at $377,000.

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.