Noni L. Ellison Acquires 980 Shares of John Hancock Income Securities Trust (NYSE:JHS) Stock

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison acquired 980 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $11.53 per share, with a total value of $11,299.40. Following the acquisition, the insider now directly owns 2,083 shares in the company, valued at approximately $24,016.99. This trade represents a 88.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

John Hancock Income Securities Trust Price Performance

Shares of NYSE:JHS traded up $0.03 during midday trading on Thursday, hitting $11.29. The stock had a trading volume of 3,894 shares, compared to its average volume of 21,595. The company’s 50-day moving average price is $11.49 and its 200-day moving average price is $11.40. John Hancock Income Securities Trust has a fifty-two week low of $10.68 and a fifty-two week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th will be paid a $0.2017 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.15%.

Institutional Trading of John Hancock Income Securities Trust

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of John Hancock Income Securities Trust by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock valued at $18,177,000 after purchasing an additional 11,472 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in John Hancock Income Securities Trust by 19.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 175,294 shares of the financial services provider’s stock valued at $2,038,000 after buying an additional 28,424 shares during the last quarter. Rothschild Investment LLC acquired a new stake in John Hancock Income Securities Trust during the 2nd quarter worth approximately $1,388,000. Fiera Capital Corp grew its holdings in John Hancock Income Securities Trust by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Shaker Financial Services LLC grew its holdings in John Hancock Income Securities Trust by 33.0% during the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 14,217 shares during the last quarter.

John Hancock Income Securities Trust Company Profile

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.