John Hancock Income Securities Trust (NYSE:JHS) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

John Hancock Income Securities Trust (NYSE:JHS) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.44 and traded as low as $10.37. John Hancock Income Securities Trust shares last traded at $10.40, with a volume of 17,648 shares trading hands.

John Hancock Income Securities Trust Price Performance

The business has a 50-day moving average of $10.42 and a 200 day moving average of $10.95.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were issued a dividend of $0.1546 per share. This represents a $0.62 dividend on an annualized basis and a yield of 5.9%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535. The ex-dividend date was Friday, September 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Riverbridge Partners LLC lifted its stake in John Hancock Income Securities Trust by 3.1% in the third quarter. Riverbridge Partners LLC now owns 212,978 shares of the financial services provider’s stock valued at $2,208,000 after purchasing an additional 6,319 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in John Hancock Income Securities Trust by 3.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock valued at $2,335,000 after buying an additional 7,715 shares in the last quarter. Petra Financial Advisors Inc. grew its stake in John Hancock Income Securities Trust by 34.2% during the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 6,532 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in John Hancock Income Securities Trust by 79.5% in the 2nd quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 7,996 shares during the period. Finally, Fifth Third Bancorp bought a new position in John Hancock Income Securities Trust in the 1st quarter valued at $27,000.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust is a closed-end investment fund that seeks to provide a high level of current income while seeking to preserve capital. Its shares trade on the New York Stock Exchange under the ticker JHS. The trust invests primarily in income-producing debt securities, including corporate bonds and other fixed-income investments. Its portfolio is managed by John Hancock Investment Management, with investments selected and monitored according to the fund’s objectives and policies.