Hennion & Walsh Asset Management Inc. Grows Stock Position in John Hancock Income Securities Trust (NYSE:JHS)

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of John Hancock Income Securities Trust (NYSE:JHS) by 50.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,286 shares of the financial services provider’s stock after buying an additional 46,989 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in John Hancock Income Securities Trust were worth $1,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of John Hancock Income Securities Trust by 17.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,245,553 shares of the financial services provider’s stock valued at $13,552,000 after acquiring an additional 181,973 shares during the period. Wolverine Asset Management LLC purchased a new position in John Hancock Income Securities Trust during the fourth quarter valued at $280,000. 1607 Capital Partners LLC grew its holdings in John Hancock Income Securities Trust by 2.5% during the fourth quarter. 1607 Capital Partners LLC now owns 944,758 shares of the financial services provider’s stock valued at $10,279,000 after purchasing an additional 23,200 shares during the period. International Assets Investment Management LLC purchased a new stake in John Hancock Income Securities Trust in the fourth quarter worth about $172,000. Finally, Raymond James & Associates bought a new position in John Hancock Income Securities Trust in the 4th quarter worth approximately $119,000.

John Hancock Income Securities Trust Price Performance

JHS opened at $10.90 on Friday. The company has a fifty day moving average of $11.11 and a 200 day moving average of $10.99. John Hancock Income Securities Trust has a fifty-two week low of $9.76 and a fifty-two week high of $11.60.

John Hancock Income Securities Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a dividend of $0.116 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.46 annualized dividend and a yield of 4.26%. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.11.

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.