1607 Capital Partners LLC Has $14.39 Million Stock Position in John Hancock Income Securities Trust $JHS

Key Points

• 1607 Capital Partners LLC increased its stake in John Hancock Income Securities Trust by 14.1%, holding approximately 1,269,180 shares valued at $14.39 million as of the end of the most recent quarter.
• Other institutional investors, including Noble Wealth Management and Raymond James Financial Inc., have also recently acquired new positions in John Hancock Income Securities Trust, indicating increased interest in the company.
• As of now, shares of John Hancock Income Securities Trust are trading at $11.58, with a 12-month range between $10.62 and $11.87.

1607 Capital Partners LLC lifted its holdings in shares of John Hancock Income Securities Trust (NYSE:JHS - Free Report) by 14.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,269,180 shares of the financial services provider's stock after buying an additional 156,500 shares during the period. John Hancock Income Securities Trust comprises about 1.2% of 1607 Capital Partners LLC's portfolio, making the stock its 23rd biggest holding. 1607 Capital Partners LLC owned about 10.10% of John Hancock Income Securities Trust worth $14,393,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Noble Wealth Management PBC acquired a new position in shares of John Hancock Income Securities Trust during the 1st quarter worth $52,000. Raymond James Financial Inc. acquired a new position in shares of John Hancock Income Securities Trust during the 4th quarter worth $217,000. Stifel Financial Corp raised its holdings in shares of John Hancock Income Securities Trust by 18.8% during the 4th quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider's stock worth $294,000 after buying an additional 4,160 shares in the last quarter. Riverbridge Partners LLC increased its holdings in John Hancock Income Securities Trust by 12.4% in the 1st quarter. Riverbridge Partners LLC now owns 93,047 shares of the financial services provider's stock worth $1,055,000 after purchasing an additional 10,239 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in John Hancock Income Securities Trust by 1.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,472,258 shares of the financial services provider's stock valued at $16,695,000 after purchasing an additional 20,205 shares during the last quarter.

John Hancock Income Securities Trust Price Performance

Shares of JHS stock opened at $11.58 on Tuesday. The business's 50-day moving average price is $11.37 and its 200-day moving average price is $11.26. John Hancock Income Securities Trust has a 12 month low of $10.62 and a 12 month high of $11.87.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.

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