Sit Investment Associates Inc. Boosts Stake in John Hancock Income Securities Trust (NYSE:JHS)

Sit Investment Associates Inc. raised its holdings in shares of John Hancock Income Securities Trust (NYSE:JHS) by 5.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,833,028 shares of the financial services provider’s stock after purchasing an additional 145,059 shares during the quarter. John Hancock Income Securities Trust accounts for about 0.7% of Sit Investment Associates Inc.’s portfolio, making the stock its 28th largest position. 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 hedge funds have also recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in John Hancock Income Securities Trust by 11.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 194,969 shares of the financial services provider’s stock valued at $2,183,000 after acquiring an additional 19,675 shares during the period. StoneX Group Inc. bought a new stake in shares of John Hancock Income Securities Trust during the fourth quarter worth $152,000. Riverbridge Partners LLC boosted its stake in shares of John Hancock Income Securities Trust by 1.8% during the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock valued at $927,000 after purchasing an additional 1,468 shares during the period. LPL Financial LLC grew its holdings in shares of John Hancock Income Securities Trust by 5.6% in the fourth quarter. LPL Financial LLC now owns 35,139 shares of the financial services provider’s stock worth $393,000 after purchasing an additional 1,867 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in John Hancock Income Securities Trust in the 4th quarter worth about $217,000.

John Hancock Income Securities Trust Trading Down 1.3 %

Shares of JHS opened at $11.19 on Friday. The company has a 50-day moving average of $11.26 and a 200 day moving average of $11.38. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 13th were issued a $0.1318 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.71%.

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.