John Hancock Income Securities Trust (NYSE:JHS) Insider William K. Bacic Purchases 911 Shares

John Hancock Income Securities Trust (NYSE:JHS) insider William K. Bacic acquired 911 shares of John Hancock Income Securities Trust stock in a transaction dated Tuesday, January 14th. The shares were purchased at an average cost of $11.05 per share, with a total value of $10,066.55. Following the completion of the transaction, the insider now directly owns 911 shares of the company’s stock, valued at $10,066.55. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

John Hancock Income Securities Trust Trading Up 0.7 %

NYSE JHS traded up $0.08 during trading on Wednesday, hitting $11.14. The stock had a trading volume of 7,565 shares, compared to its average volume of 7,707. John Hancock Income Securities Trust has a 12 month low of $10.68 and a 12 month high of $11.87. The company’s 50-day moving average price is $11.39 and its two-hundred day moving average price is $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were given a $0.2017 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JHS. Huntington National Bank lifted its position in John Hancock Income Securities Trust by 135.2% during the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after buying an additional 3,144 shares in the last quarter. Petra Financial Advisors Inc. acquired a new stake in shares of John Hancock Income Securities Trust in the third quarter valued at about $129,000. International Assets Investment Management LLC increased its position in shares of John Hancock Income Securities Trust by 1,062.5% in the third quarter. International Assets Investment Management LLC now owns 12,788 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 11,688 shares during the last quarter. Shaker Financial Services LLC raised its holdings in 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 acquiring an additional 14,217 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in 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 valued at $814,000 after purchasing 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.