Sit Investment Associates Inc. Decreases Position in John Hancock Income Securities Trust $JHS

Sit Investment Associates Inc. lowered its stake in shares of John Hancock Income Securities Trust (NYSE:JHS) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,208,993 shares of the financial services provider’s stock after selling 87,660 shares during the period. John Hancock Income Securities Trust accounts for 0.7% of Sit Investment Associates Inc.’s investment portfolio, making the stock its 28th biggest holding. Sit Investment Associates Inc. owned approximately 0.26% of John Hancock Income Securities Trust worth $37,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Prestige Wealth Management Group LLC purchased a new stake in John Hancock Income Securities Trust in the third quarter worth $42,000. Petra Financial Advisors Inc. raised its stake in shares of John Hancock Income Securities Trust by 72.1% in the fourth quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after buying an additional 8,010 shares during the period. Cary Street Partners Financial LLC raised its stake in shares of John Hancock Income Securities Trust by 42.7% in the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock valued at $556,000 after buying an additional 14,239 shares during the period. Baird Financial Group Inc. raised its stake in shares of 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 buying an additional 11,587 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of John Hancock Income Securities Trust by 16.1% in the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after buying an additional 10,836 shares during the period.

John Hancock Income Securities Trust Stock Performance

Shares of JHS opened at $10.96 on Friday. The stock’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $11.39. John Hancock Income Securities Trust has a 1 year low of $10.74 and a 1 year high of $12.09.

John Hancock Income Securities Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a $0.1535 dividend. The ex-dividend date is Thursday, June 11th. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a dividend yield of 5.6%.

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.