John Hancock Income Securities Trust (JHS) Reaches New 52-Week Low at $12.73

John Hancock Income Securities Trust (NYSE:JHS) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.73 and last traded at $12.62, with a volume of 118405 shares. The stock had previously closed at $12.82.

A hedge fund recently raised its stake in John Hancock Income Securities Trust stock. Wells Fargo & Company MN raised its stake in John Hancock Income Securities Trust (NYSE:JHS) by 38.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 580,729 shares of the financial services provider’s stock after purchasing an additional 161,157 shares during the period. Wells Fargo & Company MN owned 4.98% of John Hancock Income Securities Trust worth $7,782,000 as of its most recent SEC filing. 29.02% of the stock is owned by hedge funds and other institutional investors.

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About John Hancock Income Securities Trust (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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