John Hancock Income Securities Trust (NYSE:JHS) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of John Hancock Income Securities Trust (NYSE:JHS) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.67 and traded as low as $11.44. John Hancock Income Securities Trust shares last traded at $11.42, with a volume of 16,553 shares trading hands.

John Hancock Income Securities Trust Price Performance

The business’s 50-day moving average is $11.67 and its two-hundred day moving average is $11.50.

John Hancock Income Securities Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th will be issued a $0.1831 dividend. This represents a $0.73 annualized dividend and a yield of 6.4%. This is a boost from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 11th.

Institutional Trading of John Hancock Income Securities Trust

Several hedge funds have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC lifted its holdings in shares of John Hancock Income Securities Trust by 14.1% during the 1st quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider’s stock valued at $14,393,000 after purchasing an additional 156,500 shares in the last quarter. Riverbridge Partners LLC increased its stake in John Hancock Income Securities Trust by 3.2% during the 2nd quarter. Riverbridge Partners LLC now owns 96,001 shares of the financial services provider’s stock worth $1,083,000 after purchasing an additional 2,954 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in John Hancock Income Securities Trust by 5,395.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after buying an additional 5,395 shares during the period. Cary Street Partners Financial LLC lifted its stake in John Hancock Income Securities Trust by 42.7% in the third quarter. Cary Street Partners Financial LLC now owns 47,622 shares of the financial services provider’s stock valued at $556,000 after buying an additional 14,239 shares in the last quarter. Finally, Prestige Wealth Management Group LLC bought a new position in John Hancock Income Securities Trust in the third quarter valued at approximately $42,000.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the fixed income markets of United States. It invests primarily in corporate and government bonds with average maturity of 7.57 years.