William K. Bacic Buys 911 Shares of John Hancock Income Securities Trust (NYSE:JHS) Stock

John Hancock Income Securities Trust (NYSE:JHS) insider William K. Bacic purchased 911 shares of John Hancock Income Securities Trust stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of $11.05 per share, with a total value of $10,066.55. Following the acquisition, the insider now owns 911 shares in the company, valued at approximately $10,066.55. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

John Hancock Income Securities Trust Price Performance

Shares of JHS stock opened at $11.17 on Friday. The company’s 50 day moving average is $11.37 and its 200 day moving average is $11.43. John Hancock Income Securities Trust has a 52-week low of $10.68 and a 52-week high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a $0.2017 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.22%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Huntington National Bank boosted its position in 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 valued at $64,000 after purchasing an additional 3,144 shares in the last quarter. Petra Financial Advisors Inc. purchased a new stake in shares of John Hancock Income Securities Trust during the third quarter valued at about $129,000. International Assets Investment Management LLC boosted its holdings in shares of 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 valued at $149,000 after buying an additional 11,688 shares in the last quarter. Shaker Financial Services LLC boosted its holdings 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. Finally, Fiera Capital Corp grew its position in shares of John Hancock Income Securities Trust by 2.7% in the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock worth $814,000 after buying an additional 1,836 shares during the last quarter.

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.