Insider Buying: John Hancock Income Securities Trust (NYSE:JHS) Insider Purchases $10,066.55 in Stock

John Hancock Income Securities Trust (NYSE:JHS) insider William K. Bacic acquired 911 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were bought at an average price of $11.05 per share, with a total value of $10,066.55. Following the acquisition, the insider now directly owns 911 shares in the company, valued at $10,066.55. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

John Hancock Income Securities Trust Trading Up 0.3 %

Shares of JHS opened at $11.20 on Friday. John Hancock Income Securities Trust has a 1-year low of $10.68 and a 1-year high of $11.87. The company has a 50-day moving average of $11.37 and a 200 day moving average of $11.43.

John Hancock Income Securities Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th were given a dividend of $0.2017 per share. This represents a $0.81 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JHS. Huntington National Bank increased its position in John Hancock Income Securities Trust by 135.2% during the 3rd quarter. Huntington National Bank now owns 5,470 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 3,144 shares during the period. Petra Financial Advisors Inc. purchased a new position in John Hancock Income Securities Trust during the 3rd quarter valued at about $129,000. International Assets Investment Management LLC increased its position in John Hancock Income Securities Trust by 1,062.5% during the 3rd 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. Shaker Financial Services LLC increased its position in John Hancock Income Securities Trust by 33.0% during the 3rd quarter. Shaker Financial Services LLC now owns 57,330 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 14,217 shares during the period. Finally, Fiera Capital Corp increased its position in John Hancock Income Securities Trust by 2.7% during the 3rd quarter. Fiera Capital Corp now owns 70,009 shares of the financial services provider’s stock valued at $814,000 after purchasing an additional 1,836 shares during the period.

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.