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

Shares of John Hancock Income Securities Trust (NYSE:JHS) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.66 and traded as low as $11.63. John Hancock Income Securities Trust shares last traded at $11.68, with a volume of 15,646 shares.

John Hancock Income Securities Trust Trading Down 0.3%

The business has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $11.62.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a $0.1831 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.73 annualized dividend and a yield of 6.3%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHS. Petra Financial Advisors Inc. raised its position in shares of 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 during the last quarter. Riverbridge Partners LLC boosted its position in John Hancock Income Securities Trust by 158.3% during the fourth quarter. Riverbridge Partners LLC now owns 193,055 shares of the financial services provider’s stock worth $2,261,000 after acquiring an additional 118,311 shares during the last quarter. 1607 Capital Partners LLC grew its stake in John Hancock Income Securities Trust by 2.3% during the 3rd quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock valued at $15,110,000 after acquiring an additional 28,770 shares in the last quarter. Cary Street Partners Financial LLC grew its stake in John Hancock Income Securities Trust by 42.7% during 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 in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in John Hancock Income Securities Trust in the 3rd quarter valued at about $42,000.

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.