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

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison purchased 980 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $11.53 per share, with a total value of $11,299.40. Following the completion of the purchase, the insider now owns 2,083 shares in the company, valued at $24,016.99. This trade represents a 88.85 % increase in their position. The purchase 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 opened at $11.17 on Friday. John Hancock Income Securities Trust has a 1 year low of $10.68 and a 1 year high of $11.87. The firm has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $11.40.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be paid a dividend of $0.2017 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date is Thursday, December 12th.

Hedge Funds Weigh In On John Hancock Income Securities Trust

A number of large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of John Hancock Income Securities Trust by 5.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,552,171 shares of the financial services provider’s stock worth $16,919,000 after purchasing an additional 85,082 shares during the last quarter. Huntington National Bank increased its stake in John Hancock Income Securities Trust by 135.2% in the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after buying an additional 3,144 shares during the period. Shaker Financial Services LLC lifted its holdings in John Hancock Income Securities Trust by 66.4% during the 2nd quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock valued at $470,000 after buying an additional 17,196 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in John Hancock Income Securities Trust in the 2nd quarter valued at about $48,000. Finally, Fiera Capital Corp grew its stake in John Hancock Income Securities Trust by 2.7% in 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 in 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.