Riverbridge Partners LLC Purchases 2,954 Shares of John Hancock Income Securities Trust $JHS

Riverbridge Partners LLC raised its position in John Hancock Income Securities Trust (NYSE:JHS) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,001 shares of the financial services provider’s stock after purchasing an additional 2,954 shares during the period. Riverbridge Partners LLC owned 0.76% of John Hancock Income Securities Trust worth $1,083,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JHS. Noble Wealth Management PBC bought a new position in John Hancock Income Securities Trust in the 1st quarter valued at $52,000. Allspring Global Investments Holdings LLC boosted its holdings in John Hancock Income Securities Trust by 1.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,472,258 shares of the financial services provider’s stock valued at $16,695,000 after purchasing an additional 20,205 shares during the period. Sit Investment Associates Inc. boosted its holdings in John Hancock Income Securities Trust by 4.4% in the 1st quarter. Sit Investment Associates Inc. now owns 2,958,494 shares of the financial services provider’s stock valued at $33,549,000 after purchasing an additional 125,466 shares during the period. Finally, 1607 Capital Partners LLC boosted its holdings in John Hancock Income Securities Trust by 14.1% in the 1st quarter. 1607 Capital Partners LLC now owns 1,269,180 shares of the financial services provider’s stock valued at $14,393,000 after purchasing an additional 156,500 shares during the period.

John Hancock Income Securities Trust Price Performance

Shares of NYSE:JHS opened at $11.66 on Friday. John Hancock Income Securities Trust has a one year low of $10.62 and a one year high of $11.95. The firm has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $11.30.

John Hancock Income Securities Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.1421 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th.

About John Hancock Income Securities Trust

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.