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

John Hancock Income Securities Trust (NYSE:JHS)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.87 and traded as low as $10.51. John Hancock Income Securities Trust shares last traded at $10.53, with a volume of 5,074 shares.

John Hancock Income Securities Trust Price Performance

The business has a 50-day moving average price of $10.87 and a 200-day moving average price of $11.01.

John Hancock Income Securities Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be issued a $0.1546 dividend. This represents a $0.62 annualized dividend and a yield of 5.9%. The ex-dividend date is Friday, September 11th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.15.

Institutional Trading of John Hancock Income Securities Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fiera Capital Corp boosted its position in shares of John Hancock Income Securities Trust by 35.7% during the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock valued at $1,240,000 after acquiring an additional 27,841 shares during the last quarter. Susquehanna International Group LLP increased its position in John Hancock Income Securities Trust by 79.5% during the second quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 7,996 shares during the last quarter. Riverbridge Partners LLC increased its position in John Hancock Income Securities Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after purchasing an additional 7,788 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in John Hancock Income Securities Trust by 3.8% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock worth $2,335,000 after purchasing an additional 7,715 shares during the period. Finally, Petra Financial Advisors Inc. raised its stake in John Hancock Income Securities Trust by 34.2% during the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 6,532 shares during the period.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end investment company. The trust seeks to provide investors with a high level of current income by investing in a portfolio of income-producing securities.

Its investments primarily include debt securities issued by corporations and other entities, with the portfolio managed to balance income generation and credit risk. The trust may also invest in other fixed-income and preferred securities as permitted by its investment policies.

John Hancock Income Securities Trust is advised by John Hancock Investment Management, an investment-management business associated with Manulife Investment Management.