John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Below 50-Day Moving Average – What’s Next?

John Hancock Income Securities Trust (NYSE:JHS) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-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 trading hands.

John Hancock Income Securities Trust Stock Up 0.3%

The business’s 50 day moving average price is $11.66 and its 200 day moving average price is $11.64.

John Hancock Income Securities Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were given a $0.1831 dividend. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $0.73 dividend on an annualized basis and a yield of 6.3%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Prestige Wealth Management Group LLC bought a new stake in shares of John Hancock Income Securities Trust in the third quarter worth $42,000. Wolverine Asset Management LLC boosted its position in 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 last quarter. Petra Financial Advisors Inc. grew its stake in shares of John Hancock Income Securities Trust by 72.1% during the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 8,010 shares during the period. Brick & Kyle Associates purchased a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter valued at about $238,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter valued at about $377,000.

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.