John Hancock Income Securities Trust (NYSE:JHS) Shares Bought by Karpus Management Inc.

Karpus Management Inc. raised its stake in John Hancock Income Securities Trust (NYSE:JHS) by 149.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,090 shares of the financial services provider’s stock after acquiring an additional 104,929 shares during the quarter. Karpus Management Inc.’s holdings in John Hancock Income Securities Trust were worth $1,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JHS. Allspring Global Investments Holdings LLC increased its stake in John Hancock Income Securities Trust by 17.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,245,553 shares of the financial services provider’s stock valued at $13,552,000 after purchasing an additional 181,973 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in John Hancock Income Securities Trust during the fourth quarter worth about $172,000. Hennion & Walsh Asset Management Inc. increased its stake in John Hancock Income Securities Trust by 50.9% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 139,286 shares of the financial services provider’s stock worth $1,557,000 after acquiring an additional 46,989 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in John Hancock Income Securities Trust during the fourth quarter worth about $280,000. Finally, 1607 Capital Partners LLC increased its stake in John Hancock Income Securities Trust by 2.5% during the fourth quarter. 1607 Capital Partners LLC now owns 944,758 shares of the financial services provider’s stock worth $10,279,000 after acquiring an additional 23,200 shares during the last quarter.

John Hancock Income Securities Trust Price Performance

Shares of NYSE JHS traded up $0.10 on Thursday, hitting $11.21. The company had a trading volume of 21,280 shares, compared to its average volume of 25,924. John Hancock Income Securities Trust has a 12-month low of $9.76 and a 12-month high of $11.60. The business has a 50 day moving average of $11.06 and a two-hundred day moving average of $11.02.

John Hancock Income Securities Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 13th were issued a $0.116 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.46 dividend on an annualized basis and a yield of 4.14%. This is an increase from John Hancock Income Securities Trust’s previous quarterly dividend of $0.11.

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.