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 traded.
John Hancock Income Securities Trust Stock Up 0.4%
The firm’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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were given a $0.1546 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Friday, September 11th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535.
Institutional Trading of John Hancock Income Securities Trust
Large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in John Hancock Income Securities Trust during the 1st quarter valued at approximately $27,000. Petra Financial Advisors Inc. raised its position in shares of John Hancock Income Securities Trust by 34.2% in the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 6,532 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of John Hancock Income Securities Trust by 3.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 7,715 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of John Hancock Income Securities Trust by 79.5% in 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 in the last quarter.
John Hancock Income Securities Trust Company Profile
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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