John Hancock Income Securities Trust (NYSE:JHS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.04 and traded as low as $10.96. John Hancock Income Securities Trust shares last traded at $10.96, with a volume of 2,558 shares changing hands.

John Hancock Income Securities Trust Trading Down 0.3%

The firm has a 50-day moving average of $11.04 and a 200 day moving average of $11.29.

John Hancock Income Securities Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were issued a $0.1535 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, June 11th. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in John Hancock Income Securities Trust in the first quarter valued at $27,000. Petra Financial Advisors Inc. increased its stake in shares of 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 purchasing an additional 8,010 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of John Hancock Income Securities Trust by 23.9% during the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 11,587 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of John Hancock Income Securities Trust by 35.7% in the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 27,841 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in shares of John Hancock Income Securities Trust by 60.1% in the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock valued at $1,540,000 after purchasing an additional 49,377 shares during the period.

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.