John Hancock Income Securities Trust (NYSE:JHS) Stock Price Passes Below Fifty Day Moving Average of $11.10

John Hancock Income Securities Trust (NYSE:JHS)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.10 and traded as low as $10.78. John Hancock Income Securities Trust shares last traded at $10.86, with a volume of 35,329 shares changing hands.

John Hancock Income Securities Trust Trading Up 0.8 %

The company’s 50-day simple moving average is $11.10 and its 200-day simple moving average is $10.98.

John Hancock Income Securities Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.116 per share. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, June 13th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of hedge funds and other institutional investors have recently modified their holdings of JHS. Comerica Bank grew its position in shares of John Hancock Income Securities Trust by 66.7% during the 1st quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Kestra Advisory Services LLC increased its stake in John Hancock Income Securities Trust by 4.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 29,022 shares of the financial services provider’s stock worth $298,000 after acquiring an additional 1,190 shares during the period. Karpus Management Inc. raised its holdings in John Hancock Income Securities Trust by 9.9% in the 4th quarter. Karpus Management Inc. now owns 70,161 shares of the financial services provider’s stock valued at $763,000 after acquiring an additional 6,348 shares in the last quarter. 1607 Capital Partners LLC lifted its position in shares of John Hancock Income Securities Trust by 0.7% during the 3rd quarter. 1607 Capital Partners LLC now owns 921,558 shares of the financial services provider’s stock valued at $9,455,000 after acquiring an additional 6,600 shares during the period. Finally, AQR Arbitrage LLC grew its stake in John Hancock Income Securities Trust by 55.7% during the third quarter. AQR Arbitrage LLC now owns 21,315 shares of the financial services provider’s stock worth $219,000 after buying an additional 7,623 shares in the last quarter.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.