International Assets Investment Management LLC Purchases 11,688 Shares of John Hancock Income Securities Trust (NYSE:JHS)

International Assets Investment Management LLC increased its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 1,062.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,788 shares of the financial services provider’s stock after acquiring an additional 11,688 shares during the period. International Assets Investment Management LLC’s holdings in John Hancock Income Securities Trust were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in JHS. Comerica Bank boosted its stake in John Hancock Income Securities Trust by 66.7% in the first quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock valued at $28,000 after buying an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Income Securities Trust in the 2nd quarter valued at approximately $48,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of John Hancock Income Securities Trust by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 146,870 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 7,584 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in John Hancock Income Securities Trust by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock valued at $18,177,000 after purchasing an additional 11,472 shares during the last quarter. Finally, Shaker Financial Services LLC grew its stake in shares of John Hancock Income Securities Trust by 66.4% during the second quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock worth $470,000 after buying an additional 17,196 shares during the last quarter.

John Hancock Income Securities Trust Trading Up 0.1 %

Shares of JHS opened at $11.51 on Friday. John Hancock Income Securities Trust has a 52 week low of $9.80 and a 52 week high of $11.87. The stock has a fifty day moving average of $11.61 and a 200-day moving average of $11.33.

John Hancock Income Securities Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.1132 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.45 annualized dividend and a yield of 3.93%.

John Hancock Income Securities Trust 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.