John Hancock Income Securities Trust (NYSE:JHS) Stock Passes Below 50 Day Moving Average – Here’s Why

John Hancock Income Securities Trust (NYSE:JHS)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.66 and traded as low as $11.65. John Hancock Income Securities Trust shares last traded at $11.7090, with a volume of 5,328 shares.

John Hancock Income Securities Trust Trading Up 0.3%

The company has a 50-day moving average of $11.66 and a two-hundred day moving average of $11.64.

John Hancock Income Securities Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were given a dividend of $0.1831 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, December 11th. 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC bought a new stake in John Hancock Income Securities Trust during the 3rd quarter worth approximately $42,000. Wolverine Asset Management LLC boosted its position in shares of John Hancock Income Securities Trust by 5,395.0% in the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 5,395 shares during the period. Petra Financial Advisors Inc. increased its stake 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 worth $224,000 after purchasing an additional 8,010 shares in the last quarter. Fiera Capital Corp raised its position in shares of John Hancock Income Securities Trust by 16.1% during the 3rd quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after purchasing an additional 10,836 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of John Hancock Income Securities Trust by 23.9% during the 2nd 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 during the period.

About John Hancock Income Securities Trust

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.