Insider Buying: John Hancock Income Securities Trust (NYSE:JHS) Insider Purchases $11,299.40 in Stock

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison bought 980 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $11.53 per share, with a total value of $11,299.40. Following the completion of the acquisition, the insider now owns 2,083 shares of the company’s stock, valued at $24,016.99. This represents a 88.85 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

John Hancock Income Securities Trust Stock Down 0.8 %

NYSE JHS opened at $11.17 on Friday. The business has a 50 day moving average price of $11.48 and a 200 day moving average price of $11.40. John Hancock Income Securities Trust has a 1-year low of $10.68 and a 1-year high of $11.87.

John Hancock Income Securities Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Thursday, December 12th will be paid a $0.2017 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date is Thursday, December 12th.

Institutional Investors Weigh In On John Hancock Income Securities Trust

A number of large investors have recently bought and sold shares of JHS. Allspring Global Investments Holdings LLC lifted its position in shares of John Hancock Income Securities Trust by 5.8% in the second 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. Rothschild Investment LLC purchased a new position in John Hancock Income Securities Trust in the 2nd quarter valued at about $1,388,000. Wolverine Asset Management LLC acquired a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter worth about $48,000. Shaker Financial Services LLC grew its holdings in shares of John Hancock Income Securities Trust by 66.4% during the second quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock worth $470,000 after buying an additional 17,196 shares in the last quarter. Finally, 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 buying an additional 11,688 shares in the last quarter.

About John Hancock Income Securities Trust

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.