John Hancock Income Securities Trust (NYSE:JHS) Shares Pass Below Fifty Day Moving Average – What’s Next?

John Hancock Income Securities Trust (NYSE:JHS)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.95 and traded as low as $10.92. John Hancock Income Securities Trust shares last traded at $10.94, with a volume of 15,318 shares traded.

John Hancock Income Securities Trust Stock Performance

The company’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.11.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were paid a $0.1535 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.6%. 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

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new stake in John Hancock Income Securities Trust during the 1st quarter worth approximately $27,000. Susquehanna International Group LLP increased its position in shares of John Hancock Income Securities Trust by 79.5% during 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 last quarter. Petra Financial Advisors Inc. raised its position in John Hancock Income Securities Trust by 34.2% in the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 6,532 shares during the period. Baird Financial Group Inc. raised its holdings in shares of John Hancock Income Securities Trust by 23.9% in 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 period. Finally, Fiera Capital Corp raised its stake in shares of John Hancock Income Securities Trust by 35.7% in the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after buying an additional 27,841 shares during the period.

John Hancock Income Securities Trust Company Profile

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.