Noni L. Ellison Acquires 980 Shares of John Hancock Income Securities Trust (NYSE:JHS) Stock

John Hancock Income Securities Trust (NYSE:JHS) insider Noni L. Ellison bought 980 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $11.53 per share, for a total transaction of $11,299.40. Following the completion of the transaction, the insider now directly owns 2,083 shares of the company’s stock, valued at $24,016.99. This represents a 88.85 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Hancock Income Securities Trust Stock Down 0.8 %

NYSE:JHS opened at $11.17 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 $11.48 and its two-hundred day simple moving average is $11.40.

John Hancock Income Securities Trust Cuts Dividend

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

Hedge Funds Weigh In On John Hancock Income Securities Trust

Several institutional investors have recently bought and sold shares of JHS. Wolverine Asset Management LLC purchased a new stake in shares of John Hancock Income Securities Trust during the 2nd quarter valued at about $48,000. Huntington National Bank increased its stake in John Hancock Income Securities Trust by 135.2% during the third quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 3,144 shares during the last quarter. Petra Financial Advisors Inc. bought a new stake in John Hancock Income Securities Trust during the third quarter worth approximately $129,000. International Assets Investment Management LLC raised its position in 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 valued at $149,000 after purchasing an additional 11,688 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in shares of John Hancock Income Securities Trust by 66.4% in the 2nd quarter. Shaker Financial Services LLC now owns 43,113 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 17,196 shares during 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.