The most recent SEC filing that the company submitted reveals that during the third quarter, Allspring Global Investments Holdings LLC increased the percentage of John Hancock Income Securities Trust (NYSE: JHS) shares that it owned by 11.7%. The institutional investor now has 380,202 shares of stock in the company that provides financial services after making additional purchases over time, totaling 39,682 stocks. The company in question is a provider of financial services. Allspring Global Investments Holdings LLC had 3.26% of John Hancock Income Securities Trust at the time of the holding, which had a value of $4,041,000 at the time of the holding, according to the most recent filing that the company had with the SEC.
Several other institutional investors have been active buyers and sellers of JHS shares during the past few months. Fiera Capital Corporation increased its holdings in John Hancock Income Securities Trust by 23.8% over the year’s second quarter. Fiera Capital Corp. now directly owns a total of 65,475 shares of the financial services provider’s stock, which have a value of $750,000 following the purchase of an additional 12,599 shares during the most recent fiscal quarter. This brings the total number of shares directly owned by the company to 65,475. Karpus Management Inc. made a new investment in John Hancock Income Securities Trust for $751,000 during the second quarter of the fiscal year. In the first three months of 2018, Invesco Ltd. saw a 494.7 percent increase in the size of its holdings in John Hancock Income Securities Trust. Invesco Ltd. now holds a total of 171,208 shares, with a market cap of $2,337,000. This is because the company made an additional purchase of 142,417 shares during the most recent quarter.
Last but not least, Sit Investment Associates Inc. increased the percentage of John Hancock Income Securities Trust shares that it owned by 11.0% during the second quarter. This is not to say that this is the most important thing during this period. Sit Investment Associates Inc. now has 1,352,397 stock issued by the financial services provider after purchasing 134,395 shares during the most recent fiscal quarter. This brings the company’s total number of shares to 1,352,397. These shares have a market value of $15,390,000 as of right now. Currently, 32.37% of the company’s shares are owned by hedge funds and other institutional investors.
JHS stock was first offered for trading for $11.36 per share on Tuesday. During the past year, the price of John Hancock Income Securities Trust has moved between a low of $10.11 and a high of $17.59 at various points. The company’s moving average price over the past 50 days is 11.02 dollars, and the moving average price over the past 200 days is 11.22 dollars.
In addition, the company declared a quarterly dividend, which was paid out on Friday, December 30th, as a Christmas gift to shareholders. On Monday, December 12th, $0.1377 dividend payments per share were made to all stockholders on record at the time of the dividend payment. This is an increase from the previous quarterly dividend amount of $0.12 that John Hancock Income Securities Trust disbursed into the market. This equates to an annual dividend payment of $0.55 and a dividend yield of 4.81% for the stock each year. This past Friday, December 9th, was the deadline for customers to submit their payment to receive the dividend.
The John Hancock Income Securities Trust is a mutual fund that invests primarily in fixed-income securities and is managed by John Hancock Investment Management LLC. This fund does not accept new investors on an ongoing basis. John Hancock Asset Management is the company in charge of the joint management of this asset. The majority of the fund’s assets are invested in the fixed-income markets that are found in the United States. The vast majority of its holdings comprise bonds with an average term length of 7.57 years, and both corporations and governments issued these bonds.