John Hancock Income Securities Trust (NYSE:JHS) Holdings Lifted by Sit Investment Associates Inc.

Sit Investment Associates Inc. grew its holdings in John Hancock Income Securities Trust (NYSE:JHS) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,467,719 shares of the financial services provider’s stock after acquiring an additional 13,075 shares during the quarter. Sit Investment Associates Inc. owned 12.60% of John Hancock Income Securities Trust worth $21,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in John Hancock Income Securities Trust by 138.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,563 shares of the financial services provider’s stock worth $469,000 after purchasing an additional 18,333 shares during the period. Stifel Financial Corp bought a new position in John Hancock Income Securities Trust in the second quarter worth $316,000. Raymond James Financial Services Advisors Inc. bought a new position in John Hancock Income Securities Trust in the third quarter worth $367,000. Finally, ProVise Management Group LLC lifted its position in John Hancock Income Securities Trust by 288.2% in the third quarter. ProVise Management Group LLC now owns 90,722 shares of the financial services provider’s stock worth $1,345,000 after purchasing an additional 67,352 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

Shares of John Hancock Income Securities Trust (NYSE:JHS) traded down $0.15 during mid-day trading on Wednesday, reaching $14.77. The company had a trading volume of 25,900 shares, compared to its average volume of 23,260. John Hancock Income Securities Trust has a 52-week low of $13.92 and a 52-week high of $15.12.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 11th were paid a dividend of $0.2181 per share. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a yield of 5.91%. The ex-dividend date was Friday, December 8th.

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About John Hancock Income Securities Trust

John Hancock Income Securities Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to generate a high level of current income consistent with prudent investment risk. The Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash and commercial paper.

Institutional Ownership by Quarter for John Hancock Income Securities Trust (NYSE:JHS)

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