John Hancock Income Securities Trust (NYSE:JHS) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

John Hancock Income Securities Trust (NYSE:JHS - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.87 and traded as low as $10.51. John Hancock Income Securities Trust shares last traded at $10.53, with a volume of 5,074 shares changing hands.

John Hancock Income Securities Trust Stock Performance

The stock has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $11.01.

John Hancock Income Securities Trust Increases Dividend

The business 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 dividend of $0.1546 per share. This is an increase from John Hancock Income Securities Trust's previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. increased its stake in John Hancock Income Securities Trust by 3.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider's stock valued at $2,335,000 after buying an additional 7,715 shares during the period. Riverbridge Partners LLC lifted its stake 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 acquiring an additional 7,788 shares during the period. Fiera Capital Corp lifted 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 worth $1,240,000 after acquiring an additional 27,841 shares during the period. Petra Financial Advisors Inc. boosted its holdings in shares of John Hancock Income Securities Trust by 34.2% in the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider's stock valued at $281,000 after acquiring an additional 6,532 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of John Hancock Income Securities Trust by 79.5% in the second quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider's stock valued at $199,000 after acquiring an additional 7,996 shares in the last quarter.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust NYSE: JHS is a diversified, closed-end investment company. The trust seeks to provide investors with a high level of current income by investing in a portfolio of income-producing securities.

Its investments primarily include debt securities issued by corporations and other entities, with the portfolio managed to balance income generation and credit risk. The trust may also invest in other fixed-income and preferred securities as permitted by its investment policies.

John Hancock Income Securities Trust is advised by John Hancock Investment Management, an investment-management business associated with Manulife Investment Management.

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