Shares of John Hancock Income Securities Trust (NYSE:JHS – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $10.48 and traded as high as $10.62. John Hancock Income Securities Trust shares last traded at $10.5150, with a volume of 16,467 shares.
John Hancock Income Securities Trust Price Performance
The company’s 50-day moving average price is $10.48 and its two-hundred day moving average price is $11.00.
John Hancock Income Securities Trust Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a dividend of $0.1546 per share. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535. This represents a $0.62 annualized dividend and a dividend yield of 5.9%.
Institutional Trading of John Hancock Income Securities Trust
Several hedge funds and other institutional investors have recently bought and sold shares of JHS. Fifth Third Bancorp acquired a new stake in John Hancock Income Securities Trust during the first quarter valued at approximately $27,000. Susquehanna International Group LLP lifted its holdings in 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 worth $199,000 after buying an additional 7,996 shares during the last quarter. Petra Financial Advisors Inc. lifted its holdings in John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after buying an additional 6,532 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted 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 worth $2,335,000 after buying an additional 7,715 shares during the last quarter.
About John Hancock Income Securities Trust
John Hancock Income Securities Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol JHS. The trust seeks to provide investors with a high level of current income while giving consideration to the preservation of capital.
The fund invests primarily in income-producing fixed-income securities, including corporate bonds and other debt instruments. Its portfolio may include securities with varying credit quality and maturities, allowing the trust to pursue income through diversified exposure to the bond markets.
John Hancock Income Securities Trust is managed by an investment management organization affiliated with John Hancock Investment Management.
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