Allspring Global Investments Holdings LLC Purchases 181,973 Shares of John Hancock Income Securities Trust (NYSE:JHS)

Allspring Global Investments Holdings LLC lifted its holdings in John Hancock Income Securities Trust (NYSE:JHS) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,245,553 shares of the financial services provider’s stock after acquiring an additional 181,973 shares during the period. Allspring Global Investments Holdings LLC’s holdings in John Hancock Income Securities Trust were worth $13,552,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1607 Capital Partners LLC grew its stake in John Hancock Income Securities Trust by 0.7% during the third quarter. 1607 Capital Partners LLC now owns 921,558 shares of the financial services provider’s stock worth $9,455,000 after purchasing an additional 6,600 shares during the period. Invesco Ltd. grew its position in shares of John Hancock Income Securities Trust by 494.7% during the 1st quarter. Invesco Ltd. now owns 171,208 shares of the financial services provider’s stock worth $2,337,000 after buying an additional 142,417 shares during the period. UBS Group AG increased its stake in shares of John Hancock Income Securities Trust by 20.1% in the 4th quarter. UBS Group AG now owns 126,609 shares of the financial services provider’s stock valued at $1,348,000 after acquiring an additional 21,210 shares in the last quarter. Morgan Stanley lifted its position in shares of John Hancock Income Securities Trust by 2.9% during the 4th quarter. Morgan Stanley now owns 113,880 shares of the financial services provider’s stock valued at $1,213,000 after acquiring an additional 3,247 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in John Hancock Income Securities Trust by 153.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 33,921 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 20,549 shares in the last quarter.

John Hancock Income Securities Trust Stock Performance

NYSE:JHS opened at $10.70 on Tuesday. John Hancock Income Securities Trust has a 12 month low of $9.76 and a 12 month high of $11.25. The firm has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.66.

John Hancock Income Securities Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.1095 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.44 annualized dividend and a dividend yield of 4.09%.

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.