Sit Investment Associates Inc. Purchases 145,059 Shares of John Hancock Income Securities Trust (NYSE:JHS)

Sit Investment Associates Inc. grew its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,833,028 shares of the financial services provider’s stock after acquiring an additional 145,059 shares during the quarter. John Hancock Income Securities Trust comprises approximately 0.7% of Sit Investment Associates Inc.’s holdings, making the stock its 28th largest holding. Sit Investment Associates Inc.’s holdings in John Hancock Income Securities Trust were worth $31,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JHS. Hennion & Walsh Asset Management Inc. lifted its position in John Hancock Income Securities Trust by 11.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock valued at $2,183,000 after purchasing an additional 19,675 shares during the last quarter. Riverbridge Partners LLC increased its holdings in shares of John Hancock Income Securities Trust by 1.8% in the 4th quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock worth $927,000 after buying an additional 1,468 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of John Hancock Income Securities Trust during the 4th quarter valued at about $217,000. LPL Financial LLC lifted its holdings in shares of John Hancock Income Securities Trust by 5.6% in the 4th quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 1,867 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in John Hancock Income Securities Trust in the fourth quarter worth about $152,000.

John Hancock Income Securities Trust Stock Performance

Shares of JHS stock opened at $11.19 on Friday. John Hancock Income Securities Trust has a 1 year low of $10.68 and a 1 year high of $11.87. The stock’s 50 day simple moving average is $11.26 and its two-hundred day simple moving average is $11.38.

John Hancock Income Securities Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a dividend of $0.1318 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.53 annualized dividend and a yield of 4.71%.

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.