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

Shaker Financial Services LLC lifted its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 33.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,330 shares of the financial services provider’s stock after buying an additional 14,217 shares during the period. Shaker Financial Services LLC’s holdings in John Hancock Income Securities Trust were worth $666,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of John Hancock Income Securities Trust by 5.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,552,171 shares of the financial services provider’s stock valued at $16,919,000 after acquiring an additional 85,082 shares in the last quarter. Comerica Bank lifted its stake in shares of 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 second quarter worth about $48,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of John Hancock Income Securities Trust by 5.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 146,870 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 7,584 shares during the period. Finally, Karpus Management Inc. grew its stake in shares of John Hancock Income Securities Trust by 149.6% in the first quarter. Karpus Management Inc. now owns 175,090 shares of the financial services provider’s stock valued at $1,958,000 after buying an additional 104,929 shares in the last quarter.

John Hancock Income Securities Trust Price Performance

John Hancock Income Securities Trust stock opened at $11.50 on Thursday. John Hancock Income Securities Trust has a one year low of $9.80 and a one year high of $11.85. The stock’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.33.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.1132 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend was Friday, September 13th.

John Hancock Income Securities Trust 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.