John Hancock Income Securities Trust (NYSE:JHS) Insider Noni L. Ellison Buys 980 Shares of Stock

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison bought 980 shares of John Hancock Income Securities Trust stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $11.53 per share, for a total transaction of $11,299.40. Following the completion of the transaction, the insider now directly owns 2,083 shares of the company’s stock, valued at $24,016.99. This represents a 88.85 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

John Hancock Income Securities Trust Stock Up 0.3 %

Shares of JHS stock traded up $0.03 on Thursday, hitting $11.29. 3,894 shares of the stock were exchanged, compared to its average volume of 21,595. The business has a 50-day moving average of $11.49 and a 200 day moving average of $11.40. John Hancock Income Securities Trust has a fifty-two week low of $10.68 and a fifty-two week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a $0.2017 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 7.15%.

Institutional Investors Weigh In On John Hancock Income Securities Trust

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of John Hancock Income Securities Trust by 5.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,552,171 shares of the financial services provider’s stock valued at $16,919,000 after purchasing an additional 85,082 shares during the period. Rothschild Investment LLC acquired a new position in shares of John Hancock Income Securities Trust in the second quarter valued at $1,388,000. Wolverine Asset Management LLC bought a new position in shares of John Hancock Income Securities Trust in the second quarter valued at about $48,000. Shaker Financial Services LLC raised its position in shares of John Hancock Income Securities Trust by 66.4% in the second quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 17,196 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of John Hancock Income Securities Trust by 1,062.5% during the 3rd quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after buying an additional 11,688 shares during the last quarter.

John Hancock Income Securities Trust Company 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.