John Hancock Income Securities Trust (NYSE:JHS) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.43 and traded as low as $11.02. John Hancock Income Securities Trust shares last traded at $11.05, with a volume of 839 shares traded.

John Hancock Income Securities Trust Trading Down 0.6%

The stock has a 50-day moving average price of $11.08 and a 200 day moving average price of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a dividend of $0.1377 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of hedge funds have recently modified their holdings of the business. 1607 Capital Partners LLC raised its position in shares of John Hancock Income Securities Trust by 2.3% during the third quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider’s stock worth $15,110,000 after purchasing an additional 28,770 shares during the period. Riverbridge Partners LLC raised its position in shares of John Hancock Income Securities Trust by 4.0% during the first quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after purchasing an additional 7,788 shares during the period. Guggenheim Capital LLC raised its position in shares of John Hancock Income Securities Trust by 60.1% during the fourth quarter. Guggenheim Capital LLC now owns 131,547 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 49,377 shares during the period. Fiera Capital Corp raised its position in shares of John Hancock Income Securities Trust by 35.7% during the fourth quarter. Fiera Capital Corp now owns 105,878 shares of the financial services provider’s stock worth $1,240,000 after purchasing an additional 27,841 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of John Hancock Income Securities Trust by 23.9% during the second quarter. Baird Financial Group Inc. now owns 60,103 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 11,587 shares during the period.

About John Hancock Income Securities Trust

John Hancock Income Securities Trust (NYSE: JHS) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure.

The fund’s primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.