John Hancock Income Securities Trust (NYSE:JHS) Shares Up 0.1%

John Hancock Income Securities Trust (NYSE:JHS)’s share price shot up 0.1% during trading on Monday . The company traded as high as $14.58 and last traded at $14.55, 1,305 shares changed hands during mid-day trading. A decline of 91% from the average session volume of 15,058 shares. The stock had previously closed at $14.54.

The stock has a 50 day simple moving average of $14.54 and a 200 day simple moving average of $14.09.

Institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new position in John Hancock Income Securities Trust in the 2nd quarter worth approximately $46,000. Shaker Financial Services LLC purchased a new position in John Hancock Income Securities Trust in the 2nd quarter worth approximately $291,000. Bank of America Corp DE increased its stake in John Hancock Income Securities Trust by 7.8% in the 4th quarter. Bank of America Corp DE now owns 29,928 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 2,177 shares during the period. ProVise Management Group LLC increased its stake in John Hancock Income Securities Trust by 9.2% in the 1st quarter. ProVise Management Group LLC now owns 140,792 shares of the financial services provider’s stock worth $1,996,000 after purchasing an additional 11,870 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in John Hancock Income Securities Trust by 20.5% in the 1st quarter. Sit Investment Associates Inc. now owns 1,260,331 shares of the financial services provider’s stock worth $17,872,000 after purchasing an additional 214,832 shares during the period. 30.49% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Income Securities Trust Company Profile (NYSE:JHS)

John Hancock Income Securities Trust is a closed ended fixed income mutual fund launched and managed by John Hancock Advisers, 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.

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