John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

John Hancock Income Securities Trust (NYSE:JHS) crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $10.44 and traded as low as $10.37. John Hancock Income Securities Trust shares last traded at $10.40, with a volume of 17,648 shares changing hands.

John Hancock Income Securities Trust Trading Down 1.3%

The company has a fifty day moving average price of $10.44 and a 200 day moving average price of $10.97.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were given a $0.1546 dividend. This represents a $0.62 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, September 11th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535.

Institutional Trading of John Hancock Income Securities Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp bought a new stake in John Hancock Income Securities Trust during the 1st quarter valued at $27,000. Susquehanna International Group LLP raised its holdings in John Hancock Income Securities Trust by 79.5% during the second quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock worth $199,000 after buying an additional 7,996 shares during the last quarter. Petra Financial Advisors Inc. raised its holdings in John Hancock Income Securities Trust by 34.2% during the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after buying an additional 6,532 shares during the last quarter. Riverbridge Partners LLC lifted its stake in shares of John Hancock Income Securities Trust by 3.1% in the third quarter. Riverbridge Partners LLC now owns 212,978 shares of the financial services provider’s stock valued at $2,208,000 after buying an additional 6,319 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of John Hancock Income Securities Trust by 3.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock valued at $2,335,000 after buying an additional 7,715 shares in the last quarter.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol JHS. The trust seeks to provide investors with a high level of current income while giving consideration to the preservation of capital. The fund invests primarily in income-producing fixed-income securities, including corporate bonds and other debt instruments. Its portfolio may include securities with varying credit quality and maturities, allowing the trust to pursue income through diversified exposure to the bond markets.