International Assets Investment Management LLC Makes New $172,000 Investment in John Hancock Income Securities Trust (NYSE:JHS)

International Assets Investment Management LLC purchased a new stake in shares of John Hancock Income Securities Trust (NYSE:JHS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 15,776 shares of the financial services provider’s stock, valued at approximately $172,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates purchased a new position in John Hancock Income Securities Trust during the 4th quarter valued at about $119,000. AQR Arbitrage LLC raised its stake in John Hancock Income Securities Trust by 55.7% in the third quarter. AQR Arbitrage LLC now owns 21,315 shares of the financial services provider’s stock worth $219,000 after buying an additional 7,623 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in John Hancock Income Securities Trust by 4.3% during the third quarter. Kestra Advisory Services LLC now owns 29,022 shares of the financial services provider’s stock worth $298,000 after buying an additional 1,190 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in John Hancock Income Securities Trust by 153.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 33,921 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 20,549 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its holdings in shares of John Hancock Income Securities Trust by 0.7% in the 3rd quarter. 1607 Capital Partners LLC now owns 921,558 shares of the financial services provider’s stock valued at $9,455,000 after acquiring an additional 6,600 shares during the period.

John Hancock Income Securities Trust Stock Performance

Shares of NYSE JHS opened at $11.02 on Monday. John Hancock Income Securities Trust has a 1-year low of $9.76 and a 1-year high of $11.25. The business has a fifty day moving average price of $10.91 and a 200 day moving average price of $10.71.

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 given a dividend of $0.1095 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, March 8th.

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.