John Hancock Income Securities Trust (NYSE:JHS) Shares Purchased by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its stake in John Hancock Income Securities Trust (NYSE:JHS) by 66.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,113 shares of the financial services provider’s stock after acquiring an additional 17,196 shares during the period. Shaker Financial Services LLC’s holdings in John Hancock Income Securities Trust were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JHS. Comerica Bank raised its holdings in John Hancock Income Securities Trust by 66.7% during the first quarter. Comerica Bank now owns 2,500 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of John Hancock Income Securities Trust during the 2nd quarter valued at $48,000. Riverbridge Partners LLC increased its position in shares of John Hancock Income Securities Trust by 162.8% during the 1st quarter. Riverbridge Partners LLC now owns 59,769 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 37,028 shares during the period. Karpus Management Inc. raised its stake in shares of John Hancock Income Securities Trust by 9.9% in the 4th quarter. Karpus Management Inc. now owns 70,161 shares of the financial services provider’s stock worth $763,000 after buying an additional 6,348 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of John Hancock Income Securities Trust in the second quarter valued at $1,388,000.

John Hancock Income Securities Trust Stock Up 0.0 %

Shares of JHS stock opened at $11.66 on Friday. The stock has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $11.11. John Hancock Income Securities Trust has a fifty-two week low of $9.76 and a fifty-two week high of $11.85.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.1132 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.45 annualized dividend and a dividend yield of 3.88%.

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.