Allspring Global Investments Holdings LLC Raises Position in John Hancock Income Securities Trust (NYSE:JHS)

Allspring Global Investments Holdings LLC raised its holdings in shares of John Hancock Income Securities Trust (NYSE:JHS) by 17.1% in the 4th quarter, Holdings Channel.com reports. 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates bought a new stake in shares of John Hancock Income Securities Trust during the 4th quarter valued at about $119,000. HRT Financial LP bought a new stake in John Hancock Income Securities Trust during the fourth quarter valued at approximately $142,000. International Assets Investment Management LLC purchased a new position in John Hancock Income Securities Trust in the 4th quarter worth approximately $172,000. Susquehanna International Group LLP bought a new position in shares of John Hancock Income Securities Trust in the 1st quarter worth $175,000. Finally, Waverly Advisors LLC bought a new position in shares of John Hancock Income Securities Trust in the 1st quarter worth $187,000.

John Hancock Income Securities Trust Stock Down 0.6 %

NYSE JHS opened at $10.70 on Tuesday. John Hancock Income Securities Trust has a 52-week low of $9.76 and a 52-week high of $11.25. The company has a fifty day moving average of $10.93 and a 200-day moving average of $10.66.

John Hancock Income Securities Trust Cuts Dividend

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

John Hancock Income Securities Trust 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.