Sit Investment Associates Inc. raised its holdings in John Hancock Income Securities Trust (NYSE:JHS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,467,719 shares of the financial services provider’s stock after purchasing an additional 13,075 shares during the quarter. Sit Investment Associates Inc. owned about 0.13% of John Hancock Income Securities Trust worth $21,796,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp acquired a new position in shares of John Hancock Income Securities Trust during the second quarter worth about $316,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of John Hancock Income Securities Trust during the third quarter worth about $367,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of John Hancock Income Securities Trust by 138.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,563 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 18,333 shares during the period. Finally, ProVise Management Group LLC increased its stake in shares of John Hancock Income Securities Trust by 288.2% during the third quarter. ProVise Management Group LLC now owns 90,722 shares of the financial services provider’s stock worth $1,345,000 after acquiring an additional 67,352 shares during the period. Institutional investors own 29.32% of the company’s stock.

Shares of John Hancock Income Securities Trust (JHS) traded down $0.20 during trading on Wednesday, hitting $14.78. 10,100 shares of the stock were exchanged, compared to its average volume of 21,400. John Hancock Income Securities Trust has a twelve month low of $13.92 and a twelve month high of $15.04.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 11th were paid a dividend of $0.2181 per share. This represents a $0.87 dividend on an annualized basis and a dividend yield of 5.90%. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 8th.

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John Hancock Income Securities Trust Profile

John Hancock Income Securities Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to generate a high level of current income consistent with prudent investment risk. The Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash and commercial paper.

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Institutional Ownership by Quarter for John Hancock Income Securities Trust (NYSE:JHS)

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