Raymond James Financial Services Advisors Inc. Grows Position in John Hancock Income Securities Trust (JHS)

Raymond James Financial Services Advisors Inc. increased its holdings in shares of John Hancock Income Securities Trust (NYSE:JHS) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,562 shares of the financial services provider’s stock after acquiring an additional 2,279 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.22% of John Hancock Income Securities Trust worth $325,000 at the end of the most recent quarter.

Separately, Wells Fargo & Company MN boosted its holdings in shares of John Hancock Income Securities Trust by 18.7% in the third quarter. Wells Fargo & Company MN now owns 689,494 shares of the financial services provider’s stock valued at $9,219,000 after acquiring an additional 108,765 shares in the last quarter. 31.43% of the stock is owned by institutional investors and hedge funds.

John Hancock Income Securities Trust stock opened at $14.22 on Tuesday. John Hancock Income Securities Trust has a 12-month low of $12.38 and a 12-month high of $14.56.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were issued a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 4.28%. The ex-dividend date was Friday, March 8th.

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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 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.

Further Reading: 12b-1 Fees

Institutional Ownership by Quarter for John Hancock Income Securities Trust (NYSE:JHS)

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