John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Above 50-Day Moving Average – Time to Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

John Hancock Income Securities Trust Stock Performance

The stock’s 50-day moving average is $11.11 and its two-hundred day moving average is $11.38.

John Hancock Income Securities Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a dividend of $0.1535 per share. This is a positive change 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 5.6%. The ex-dividend date is Thursday, June 11th.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of hedge funds and other institutional investors have recently modified their holdings of JHS. 1607 Capital Partners LLC raised its stake in John Hancock Income Securities Trust by 2.3% during the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock valued at $15,110,000 after purchasing an additional 28,770 shares in the last quarter. Riverbridge Partners LLC raised its stake in John Hancock Income Securities Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock valued at $2,197,000 after purchasing an additional 7,788 shares in the last quarter. 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 valued at $1,540,000 after purchasing an additional 49,377 shares in the last quarter. Fiera Capital Corp raised its stake in John Hancock Income Securities Trust by 35.7% during the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 27,841 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 11,587 shares in the last quarter.

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.