Riverbridge Partners LLC Buys 1,468 Shares of John Hancock Income Securities Trust (NYSE:JHS)

Riverbridge Partners LLC grew its stake in John Hancock Income Securities Trust (NYSE:JHS) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 82,808 shares of the financial services provider’s stock after buying an additional 1,468 shares during the quarter. Riverbridge Partners LLC’s holdings in John Hancock Income Securities Trust were worth $927,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Huntington National Bank grew its stake in shares of John Hancock Income Securities Trust by 135.2% during the third 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 last quarter. Petra Financial Advisors Inc. acquired a new position in John Hancock Income Securities Trust in the 3rd quarter worth about $129,000. International Assets Investment Management LLC raised its position in John Hancock Income Securities Trust by 1,062.5% in the third quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 11,688 shares during the last quarter. Shaker Financial Services LLC grew its holdings in shares of John Hancock Income Securities Trust by 33.0% during the third quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after purchasing an additional 14,217 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings 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 valued at $814,000 after buying an additional 1,836 shares during the last quarter.

John Hancock Income Securities Trust Price Performance

JHS opened at $11.20 on Thursday. John Hancock Income Securities Trust has a fifty-two week low of $10.68 and a fifty-two week high of $11.87. The company’s 50 day moving average price is $11.36 and its two-hundred day moving average price is $11.44.

John Hancock Income Securities Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were issued a $0.2017 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 7.21%.

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.