John Hancock Income Securities Trust (NYSE:JHS) Stock Crosses Below 50-Day Moving Average – Should You Sell?

John Hancock Income Securities Trust (NYSE:JHS)’s share price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $10.60 and traded as low as $10.19. John Hancock Income Securities Trust shares last traded at $10.2090, with a volume of 17,535 shares changing hands.

John Hancock Income Securities Trust Stock Performance

The firm’s 50-day simple moving average is $10.58 and its 200 day simple moving average is $10.87.

John Hancock Income Securities Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 11th were paid a $0.1546 dividend. This represents a $0.62 annualized dividend and a dividend yield of 6.0%. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.1535. The ex-dividend date was Friday, September 11th.

Institutional Trading of John Hancock Income Securities Trust

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new position in John Hancock Income Securities Trust in the first quarter valued at about $27,000. Susquehanna International Group LLP lifted its position in shares of John Hancock Income Securities Trust by 79.5% during the 2nd quarter. Susquehanna International Group LLP now owns 18,052 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 7,996 shares during the period. Petra Financial Advisors Inc. boosted its stake in shares of John Hancock Income Securities Trust by 34.2% during the 1st quarter. Petra Financial Advisors Inc. now owns 25,657 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 6,532 shares in the last quarter. Riverbridge Partners LLC boosted its stake in shares of John Hancock Income Securities Trust by 4.0% during the 1st quarter. Riverbridge Partners LLC now owns 200,843 shares of the financial services provider’s stock worth $2,197,000 after acquiring an additional 7,788 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of John Hancock Income Securities Trust by 3.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 211,766 shares of the financial services provider’s stock worth $2,335,000 after acquiring an additional 7,715 shares in the last quarter.

John Hancock Income Securities Trust Company Profile

John Hancock Income Securities Trust (NYSE: JHS) is a closed-end investment company that seeks to provide shareholders with a high level of current income, with capital appreciation as a secondary objective. The trust is part of the John Hancock family of investment products and is managed by John Hancock Investment Management, an asset-management business of Manulife Investment Management.

The trust invests primarily in income-producing debt securities. Its portfolio may include corporate bonds, government and agency obligations, mortgage-related securities, and other fixed-income instruments, including securities rated below investment grade.