John Hancock Income Securities Trust (JHS) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. grew its position in shares of John Hancock Income Securities Trust (NYSE:JHS) by 138.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,563 shares of the financial services provider’s stock after purchasing an additional 18,333 shares during the period. Ladenburg Thalmann Financial Services Inc. owned about 0.27% of John Hancock Income Securities Trust worth $469,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp bought a new stake in John Hancock Income Securities Trust during the second quarter worth about $316,000. Raymond James Financial Services Advisors Inc. bought a new stake in John Hancock Income Securities Trust during the third quarter worth about $367,000. Finally, ProVise Management Group LLC lifted its stake in John Hancock Income Securities Trust by 288.2% during the third quarter. ProVise Management Group LLC now owns 90,722 shares of the financial services provider’s stock worth $1,345,000 after purchasing an additional 67,352 shares during the last quarter. 29.32% of the stock is owned by hedge funds and other institutional investors.

Shares of John Hancock Income Securities Trust (JHS) opened at $14.75 on Wednesday. John Hancock Income Securities Trust has a 52 week low of $13.87 and a 52 week high of $14.96.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.2181 per share. The ex-dividend date is Friday, December 8th. This represents a $0.87 annualized dividend and a yield of 5.91%. This is a positive change from John Hancock Income Securities Trust’s previous quarterly dividend of $0.19.

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John Hancock Income Securities Trust Profile

John Hancock Income Securities Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to generate a high level of current income consistent with prudent investment risk. The Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash and commercial paper.

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

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