Riverbridge Partners LLC Purchases 1,468 Shares of John Hancock Income Securities Trust (NYSE:JHS)

Riverbridge Partners LLC lifted its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,808 shares of the financial services provider’s stock after purchasing an additional 1,468 shares during the period. Riverbridge Partners LLC’s holdings in John Hancock Income Securities Trust were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JHS. Allspring Global Investments Holdings LLC increased its position in John Hancock Income Securities Trust by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,563,643 shares of the financial services provider’s stock worth $18,177,000 after buying an additional 11,472 shares during the period. International Assets Investment Management LLC raised its stake in John Hancock Income Securities Trust by 1,062.5% in the 3rd quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 11,688 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in 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 acquiring an additional 28,424 shares in the last quarter. Petra Financial Advisors Inc. bought a new position in John Hancock Income Securities Trust in the 3rd quarter valued at about $129,000. Finally, Shaker Financial Services LLC raised its position in shares of John Hancock Income Securities Trust by 33.0% in the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock valued at $666,000 after buying an additional 14,217 shares in the last quarter.

John Hancock Income Securities Trust Trading Down 0.4 %

NYSE JHS opened at $11.20 on Thursday. The firm’s 50 day simple moving average is $11.36 and its 200 day simple moving average is $11.44. John Hancock Income Securities Trust has a 1 year low of $10.68 and a 1 year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were issued a $0.2017 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date was Thursday, December 12th.

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.