John Hancock Income Securities Trust (NYSE:JHS) Shares Cross Above 50-Day Moving Average – Time to Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.68 and traded as high as $11.76. John Hancock Income Securities Trust shares last traded at $11.67, with a volume of 7,205 shares.

John Hancock Income Securities Trust Stock Down 0.7%

The stock’s fifty day simple moving average is $11.68 and its 200 day simple moving average is $11.65.

John Hancock Income Securities Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were given a $0.1831 dividend. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.73 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Thursday, December 11th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Several hedge funds have recently bought and sold shares of the stock. Prestige Wealth Management Group LLC acquired a new stake in John Hancock Income Securities Trust in the 3rd quarter worth about $42,000. Wolverine Asset Management LLC increased its position in shares of John Hancock Income Securities Trust by 5,395.0% during the second quarter. Wolverine Asset Management LLC now owns 5,495 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 5,395 shares in the last quarter. Petra Financial Advisors Inc. raised its stake in John Hancock Income Securities Trust by 72.1% in the 4th quarter. Petra Financial Advisors Inc. now owns 19,125 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 8,010 shares during the last quarter. Fiera Capital Corp lifted its holdings in John Hancock Income Securities Trust by 16.1% in the 3rd quarter. Fiera Capital Corp now owns 78,037 shares of the financial services provider’s stock valued at $911,000 after purchasing an additional 10,836 shares in the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after buying an additional 11,587 shares in the last quarter.

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.