John Hancock Income Securities Trust (NYSE:JHS) Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC lifted its stake in shares of John Hancock Income Securities Trust (NYSE:JHS) by 12.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,047 shares of the financial services provider’s stock after buying an additional 10,239 shares during the quarter. Riverbridge Partners LLC’s holdings in John Hancock Income Securities Trust were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new stake in shares of John Hancock Income Securities Trust during the first quarter worth approximately $52,000. StoneX Group Inc. acquired a new stake in shares of John Hancock Income Securities Trust during the fourth quarter worth approximately $152,000. Raymond James Financial Inc. bought a new position in John Hancock Income Securities Trust during the fourth quarter worth $217,000. Stifel Financial Corp lifted its stake in John Hancock Income Securities Trust by 18.8% during the fourth quarter. Stifel Financial Corp now owns 26,290 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 4,160 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in John Hancock Income Securities Trust by 5.6% in the fourth quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 1,867 shares during the period.

John Hancock Income Securities Trust Stock Up 0.1%

John Hancock Income Securities Trust stock opened at $11.08 on Friday. The company has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $11.23. John Hancock Income Securities Trust has a 12 month low of $10.62 and a 12 month high of $11.87.

John Hancock Income Securities Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 12th will be issued a $0.1435 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.13.

John Hancock Income Securities Trust 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.