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

John Hancock Income Securities Trust (NYSE:JHS)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.66 and traded as low as $11.65. John Hancock Income Securities Trust shares last traded at $11.7090, with a volume of 5,328 shares traded.

John Hancock Income Securities Trust Price Performance

The company’s 50-day moving average is $11.66 and its 200-day moving average is $11.64.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a $0.1831 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.2%. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, December 11th.

Institutional Trading of John Hancock Income Securities Trust

Several hedge funds have recently modified their holdings of JHS. Prestige Wealth Management Group LLC acquired a new position in shares of John Hancock Income Securities Trust in the 3rd quarter worth approximately $42,000. Wolverine Asset Management LLC raised its position in John Hancock Income Securities Trust by 5,395.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 5,395 shares during the last quarter. Petra Financial Advisors Inc. boosted its stake in John Hancock Income Securities Trust by 72.1% in the fourth 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 in the last quarter. Brick & Kyle Associates acquired a new position in John Hancock Income Securities Trust in the second quarter worth $238,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of John Hancock Income Securities Trust during the second quarter worth $377,000.

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.