John Hancock Income Securities Trust (NYSE:JHS) Share Price Passes Above 50 Day Moving Average – Time to Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.11 and traded as high as $11.12. John Hancock Income Securities Trust shares last traded at $11.07, with a volume of 32,073 shares.

John Hancock Income Securities Trust Trading Up 0.1%

The business has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $11.39.

John Hancock Income Securities Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.1535 per share. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Thursday, June 11th.

Institutional Trading of John Hancock Income Securities Trust

A number of hedge funds have recently bought and sold shares of the stock. Petra Financial Advisors Inc. lifted its holdings in John Hancock Income Securities Trust by 34.2% during the first quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after buying an additional 6,532 shares during the period. Fifth Third Bancorp purchased a new stake in John Hancock Income Securities Trust during the first quarter worth $27,000. Riverbridge Partners LLC lifted its holdings in 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 buying an additional 7,788 shares during the period. Guggenheim Capital LLC lifted its holdings in 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 buying an additional 49,377 shares during the period. Finally, Fiera Capital Corp lifted its holdings in 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 buying an additional 27,841 shares during the period.

John Hancock Income Securities Trust Company Profile

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.