M&R Capital Management Inc. continued to hold its stake in shares of John Hancock Income Securities Trust (NYSE:JHS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,000 shares of the financial services provider’s stock at the end of the second quarter. M&R Capital Management Inc. owned 0.19% of John Hancock Income Securities Trust worth $321,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Stifel Financial Corp acquired a new position in John Hancock Income Securities Trust in the 2nd quarter worth about $316,000. 29.03% of the stock is currently owned by institutional investors.
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Shares of John Hancock Income Securities Trust (NYSE JHS) traded up 0.0661% on Tuesday, reaching $14.6897. The company’s stock had a trading volume of 3,822 shares. The company’s 50 day moving average is $14.78 and its 200-day moving average is $14.57. John Hancock Income Securities Trust has a 1-year low of $13.65 and a 1-year high of $14.95.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were issued a $0.1934 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 5.27%.
John Hancock Income Securities Trust Profile
John Hancock Income Securities Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to generate a high level of current income consistent with prudent investment risk. The Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash and commercial paper.
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