John Hancock Income Securities Trust (NYSE:JHS) Shares Sold by AQR Arbitrage LLC

AQR Arbitrage LLC lowered its holdings in John Hancock Income Securities Trust (NYSE:JHS) by 23.3% in the fourth quarter, HoldingsChannel reports. The firm owned 27,242 shares of the financial services provider’s stock after selling 8,261 shares during the period. AQR Arbitrage LLC’s holdings in John Hancock Income Securities Trust were worth $305,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of John Hancock Income Securities Trust by 18.8% during the 4th quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider’s stock valued at $294,000 after buying an additional 4,160 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in John Hancock Income Securities Trust by 43.8% during the 4th quarter. 1607 Capital Partners LLC now owns 1,112,680 shares of the financial services provider’s stock worth $12,456,000 after acquiring an additional 339,177 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of John Hancock Income Securities Trust in the 4th quarter worth about $217,000. Sit Investment Associates Inc. raised its stake in shares of John Hancock Income Securities Trust by 5.4% in the 4th quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock valued at $31,716,000 after purchasing an additional 145,059 shares in the last quarter. Finally, StoneX Group Inc. bought a new position in shares of John Hancock Income Securities Trust during the fourth quarter worth about $152,000.

John Hancock Income Securities Trust Price Performance

Shares of John Hancock Income Securities Trust stock opened at $11.25 on Friday. The business has a 50-day moving average price of $11.20 and a 200 day moving average price of $11.30. John Hancock Income Securities Trust has a fifty-two week low of $10.62 and a fifty-two week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Thursday, March 13th.

John Hancock Income Securities Trust Profile

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.