John Hancock Income Securities Trust (NYSE:JHS) Share Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Shares crossed above the 50‑day moving average — JHS traded as high as $11.20 vs a 50‑day MA of $11.19, but remains below its 200‑day MA of $11.49; last trade was $11.14 on volume of 2,692 shares.
• The fund paid a quarterly dividend of $0.1377 (annualized $0.55), which equates to a 4.9% yield.
• Institutional activity picked up: Riverbridge Partners increased its stake to 200,843 shares (~$2.2M), Petra Financial Advisors boosted holdings by 72.1%, Fiera Capital added 16.1%, and smaller new positions were opened by Fifth Third and Prestige Wealth.

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.19 and traded as high as $11.20. John Hancock Income Securities Trust shares last traded at $11.14, with a volume of 2,692 shares changing hands.

John Hancock Income Securities Trust Price Performance

The business has a fifty day moving average of $11.19 and a 200 day moving average of $11.49.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a $0.1377 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.55 dividend on an annualized basis and a yield of 4.9%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in John Hancock Income Securities Trust during the first quarter worth $27,000. Prestige Wealth Management Group LLC acquired a new position in John Hancock Income Securities Trust during the third quarter worth $42,000. Riverbridge Partners LLC lifted its stake 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 in the last quarter. Petra Financial Advisors Inc. lifted its stake 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 worth $224,000 after purchasing an additional 8,010 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in John Hancock Income Securities Trust by 16.1% during the third quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider's stock worth $911,000 after purchasing an additional 10,836 shares in the last quarter.

About John Hancock Income Securities Trust

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.

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