Insider Buying: John Hancock Income Securities Trust (NYSE:JHS) Insider Acquires 980 Shares of Stock

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison acquired 980 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $11.53 per share, with a total value of $11,299.40. Following the transaction, the insider now owns 2,083 shares of the company’s stock, valued at approximately $24,016.99. This trade represents a 88.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Hancock Income Securities Trust Trading Down 0.8 %

NYSE JHS opened at $11.17 on Friday. The business’s 50-day moving average price is $11.48 and its 200 day moving average price is $11.40. John Hancock Income Securities Trust has a twelve month low of $10.68 and a twelve month high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be issued a $0.2017 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 7.22%.

Hedge Funds Weigh In On John Hancock Income Securities Trust

Large investors have recently bought and sold shares of the stock. Huntington National Bank increased its holdings in shares of John Hancock Income Securities Trust by 135.2% during the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after buying an additional 3,144 shares during the last quarter. Fiera Capital Corp grew its position in John Hancock Income Securities Trust by 2.7% during the third quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 1,836 shares during the period. Shaker Financial Services LLC increased its stake in John Hancock Income Securities Trust by 33.0% during the third quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock worth $666,000 after acquiring an additional 14,217 shares during the last quarter. Petra Financial Advisors Inc. purchased a new position in shares of John Hancock Income Securities Trust in the 3rd quarter worth about $129,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of John Hancock Income Securities Trust by 19.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 175,294 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 28,424 shares in 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.