Raymond James Financial Inc. Takes $217,000 Position in John Hancock Income Securities Trust (NYSE:JHS)

Raymond James Financial Inc. bought a new stake in shares of John Hancock Income Securities Trust (NYSE:JHS) during the 4th quarter, HoldingsChannel.com reports. The firm bought 19,414 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other institutional investors have also made changes to their positions in JHS. Hennion & Walsh Asset Management Inc. boosted its position in shares of 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 in the last quarter. Riverbridge Partners LLC boosted its position in John Hancock Income Securities Trust by 1.8% in the fourth quarter. Riverbridge Partners LLC now owns 82,808 shares of the financial services provider’s stock valued at $927,000 after buying an additional 1,468 shares in the last quarter. LPL Financial LLC boosted its position in 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 valued at $393,000 after buying an additional 1,867 shares in the last quarter. StoneX Group Inc. acquired a new position in John Hancock Income Securities Trust in the fourth quarter valued at about $152,000. Finally, Sit Investment Associates Inc. boosted its position in John Hancock Income Securities Trust by 5.4% in the fourth quarter. Sit Investment Associates Inc. now owns 2,833,028 shares of the financial services provider’s stock valued at $31,716,000 after buying an additional 145,059 shares in the last quarter.

John Hancock Income Securities Trust Stock Performance

NYSE:JHS opened at $11.40 on Tuesday. John Hancock Income Securities Trust has a 12 month low of $10.62 and a 12 month high of $11.87. The company’s 50-day moving average price is $11.18 and its two-hundred day moving average price is $11.28.

John Hancock Income Securities Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were given a $0.1318 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.53 dividend on an annualized basis and a yield of 4.62%.

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.