John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Below 50 Day Moving Average – What’s Next?

John Hancock Income Securities Trust (NYSE:JHSGet Free Report) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.00 and traded as low as $10.84. John Hancock Income Securities Trust shares last traded at $10.84, with a volume of 12,627 shares.

John Hancock Income Securities Trust Stock Down 0.1%

The firm’s fifty day simple moving average is $11.00 and its 200 day simple moving average is $11.25.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a dividend of $0.1535 per share. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a yield of 5.7%. The ex-dividend date was Thursday, June 11th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of John Hancock Income Securities Trust during the 1st quarter worth $27,000. 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 valued at $224,000 after buying an additional 8,010 shares in the last quarter. Baird Financial Group Inc. boosted its stake in John Hancock Income Securities Trust by 23.9% in the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after buying an additional 11,587 shares in the last quarter. Fiera Capital Corp grew its position in 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 acquiring an additional 27,841 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in John Hancock Income Securities Trust by 60.1% during the fourth quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after acquiring an additional 49,377 shares in the last quarter.

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.

Further Reading

Receive News & Ratings for John Hancock Income Securities Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Income Securities Trust and related companies with MarketBeat.com's FREE daily email newsletter.