Shares of John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.95 and traded as low as $10.94. John Hancock Income Securities Trust shares last traded at $10.96, with a volume of 20,183 shares.
John Hancock Income Securities Trust Trading Down 0.1%
The company has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $11.15.
John Hancock Income Securities Trust Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were paid a $0.1535 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Thursday, June 11th. This is a boost from John Hancock Income Securities Trust's previous quarterly dividend of $0.14.
Institutional Investors Weigh In On John Hancock Income Securities Trust
Hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in 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 worth $678,000 after purchasing an additional 11,587 shares in the last quarter. Fiera Capital Corp boosted its holdings 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 buying an additional 27,841 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of John Hancock Income Securities Trust by 60.1% during the 4th quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider's stock valued at $1,540,000 after buying an additional 49,377 shares in the last quarter. Riverbridge Partners LLC grew its position in shares of John Hancock Income Securities Trust by 4.0% in the 1st quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider's stock worth $2,197,000 after buying an additional 7,788 shares during the period. Finally, Fifth Third Bancorp purchased a new stake in shares of John Hancock Income Securities Trust in the 1st quarter worth about $27,000.
John Hancock Income Securities Trust Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider John Hancock Income Securities Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Income Securities Trust wasn't on the list.
While John Hancock Income Securities Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
