Guggenheim Capital LLC Reduces Holdings in John Hancock Income Securities Trust (NYSE:JHS)

Guggenheim Capital LLC lowered its position in shares of John Hancock Income Securities Trust (NYSE:JHS – Get Rating) by 14.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,848 shares of the financial services provider’s stock after selling 9,381 shares during the period. Guggenheim Capital LLC owned approximately 0.49% of John Hancock Income Securities Trust worth $604,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Sit Investment Associates Inc. increased its stake in shares of John Hancock Income Securities Trust by 11.0% in the second quarter. Sit Investment Associates Inc. now owns 1,352,397 shares of the financial services provider’s stock worth $15,390,000 after buying an additional 134,395 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of John Hancock Income Securities Trust by 11.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 380,202 shares of the financial services provider’s stock worth $4,041,000 after buying an additional 39,682 shares during the last quarter. Invesco Ltd. increased its stake in shares of John Hancock Income Securities Trust by 494.7% in the first 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 last quarter. Karpus Management Inc. bought a new stake in shares of John Hancock Income Securities Trust in the second quarter worth $751,000. Finally, Fiera Capital Corp increased its stake in shares of John Hancock Income Securities Trust by 23.8% in the second quarter. Fiera Capital Corp now owns 65,475 shares of the financial services provider’s stock worth $745,000 after buying an additional 12,599 shares during the last quarter. Hedge funds and other institutional investors own 32.37% of the company’s stock.

John Hancock Income Securities Trust Stock Performance

Shares of NYSE:JHS opened at $10.76 on Friday. The company has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $11.07. John Hancock Income Securities Trust has a 12-month low of $10.11 and a 12-month high of $14.24.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 13th will be issued a $0.091 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, March 10th.

About John Hancock Income Securities Trust

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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.