John Hancock Income Securities Trust (NYSE:JHS) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

John Hancock Income Securities Trust (NYSE:JHS)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.04 and traded as low as $10.96. John Hancock Income Securities Trust shares last traded at $10.96, with a volume of 2,558 shares.

John Hancock Income Securities Trust Stock Up 0.5%

The company’s fifty day moving average is $11.03 and its two-hundred day moving average is $11.28.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.1535 dividend. The ex-dividend date was Thursday, June 11th. This represents a $0.61 annualized dividend and a dividend yield of 5.6%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in shares of John Hancock Income Securities Trust in the 1st quarter valued at approximately $27,000. Petra Financial Advisors Inc. grew its holdings in John Hancock Income Securities Trust by 72.1% during the fourth 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. Baird Financial Group Inc. increased its stake in John Hancock Income Securities Trust by 23.9% in the second 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 in the last quarter. Fiera Capital Corp raised its holdings in John Hancock Income Securities Trust by 35.7% in the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 27,841 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in John Hancock Income Securities Trust by 60.1% in the fourth quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 49,377 shares during the period.

John Hancock Income Securities Trust Company Profile

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.