John Hancock Income Securities Trust (NYSE:JHS) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• JHS shares fell below their 50-day moving average, trading as low as $10.92 and last changing hands at $10.94, below the $10.95 50-day average and the $11.11 200-day average.
• The trust increased its quarterly dividend to $0.1535 per share, equivalent to $0.61 annually and a 5.6% yield.
• Institutional investors generally increased their positions, including Susquehanna International Group, Baird Financial Group, Petra Financial Advisors, and Fiera Capital; Fifth Third Bancorp also initiated a new stake.

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.95 and traded as low as $10.92. John Hancock Income Securities Trust shares last traded at $10.94, with a volume of 15,318 shares traded.

John Hancock Income Securities Trust Price Performance

The company has a 50-day moving average of $10.95 and a 200-day moving average of $11.11.

John Hancock Income Securities Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were paid a $0.1535 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This is an increase from John Hancock Income Securities Trust's previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a yield of 5.6%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in John Hancock Income Securities Trust in the 1st quarter valued at $27,000. Susquehanna International Group LLP increased its holdings in John Hancock Income Securities Trust by 79.5% during the 2nd 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 in the last quarter. Petra Financial Advisors Inc. raised its stake in shares of John Hancock Income Securities Trust by 34.2% in the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider's stock valued at $281,000 after purchasing an additional 6,532 shares during the period. Baird Financial Group Inc. raised its stake in shares of John Hancock Income Securities Trust by 23.9% in the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider's stock valued at $678,000 after purchasing an additional 11,587 shares during the period. Finally, Fiera Capital Corp raised its stake in shares of John Hancock Income Securities Trust by 35.7% in the 4th quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider's stock valued at $1,240,000 after purchasing an additional 27,841 shares during the period.

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.

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