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 $10.74 before closing at $10.7850. The 50-day and 200-day averages were $10.93 and $11.05, respectively.
• The trust raised its quarterly dividend to $0.1546 per share, equivalent to about $0.62 annually and a 5.7% yield. The dividend is payable September 30 to shareholders of record September 11.
• Several institutional investors increased their JHS positions, including Susquehanna International Group, Baird Financial Group, and Fiera Capital, while Fifth Third Bancorp initiated a new stake.

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.93 and traded as low as $10.74. John Hancock Income Securities Trust shares last traded at $10.7850, with a volume of 9,615 shares changing hands.

John Hancock Income Securities Trust Stock Performance

The business has a 50-day moving average price of $10.93 and a 200 day moving average price of $11.05.

John Hancock Income Securities Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be paid a $0.1546 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.62 dividend on an annualized basis and a yield of 5.7%. This is an increase from John Hancock Income Securities Trust's previous quarterly dividend of $0.15.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHS. Fifth Third Bancorp purchased a new stake in shares of John Hancock Income Securities Trust during the first quarter worth $27,000. Susquehanna International Group LLP grew 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 valued at $199,000 after buying an additional 7,996 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider's stock valued at $281,000 after buying an additional 6,532 shares in the last quarter. Baird Financial Group Inc. grew its holdings in John Hancock Income Securities Trust by 23.9% during the 2nd quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider's stock valued at $678,000 after buying an additional 11,587 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of John Hancock Income Securities Trust by 35.7% during the fourth 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 during the period.

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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