John Hancock Income Securities Trust (NYSE:JHS) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of John Hancock Income Securities Trust (NYSE:JHS – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.11 and traded as high as $11.12. John Hancock Income Securities Trust shares last traded at $11.07, with a volume of 32,073 shares.

John Hancock Income Securities Trust Trading Up 0.1%

The business has a 50-day moving average price of $11.11 and a 200-day moving average price of $11.39.

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John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th will be given a dividend of $0.1535 per share. The ex-dividend date of this dividend is Thursday, June 11th. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.5%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in shares of John Hancock Income Securities Trust during the first quarter worth $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of John Hancock Income Securities Trust during the third quarter worth $42,000. Petra Financial Advisors Inc. increased its position in shares of John Hancock Income Securities Trust by 72.1% during 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. Cary Street Partners Financial LLC increased its position in shares of John Hancock Income Securities Trust by 42.7% in the 3rd quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock valued at $556,000 after acquiring an additional 14,239 shares during the period. Finally, Baird Financial Group Inc. increased its position 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 valued at $678,000 after acquiring an additional 11,587 shares during the period.

About John Hancock Income Securities Trust

(Get Free Report)

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.

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