Hennion & Walsh Asset Management Inc. Raises Holdings in John Hancock Income Securities Trust (NYSE:JHS)

Hennion & Walsh Asset Management Inc. grew its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 11.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 194,969 shares of the financial services provider’s stock after buying an additional 19,675 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in John Hancock Income Securities Trust were worth $2,183,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank grew its holdings in shares of John Hancock Income Securities Trust by 135.2% during the third quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 3,144 shares during the last quarter. Petra Financial Advisors Inc. purchased a new position in shares of John Hancock Income Securities Trust during the third quarter worth about $129,000. International Assets Investment Management LLC grew its holdings in shares of John Hancock Income Securities Trust by 1,062.5% during the third 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 during the last quarter. Shaker Financial Services LLC grew its holdings in shares of 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 purchasing an additional 14,217 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of 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 worth $814,000 after purchasing an additional 1,836 shares during the last quarter.

John Hancock Income Securities Trust Trading Up 0.3 %

Shares of JHS opened at $11.20 on Friday. John Hancock Income Securities Trust has a fifty-two week low of $10.68 and a fifty-two week high of $11.87. The firm has a 50-day simple moving average of $11.37 and a 200-day simple moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were given a $0.2017 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a yield of 7.20%.

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.