John Hancock Income Securities Trust $JHS Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC grew its stake in shares of John Hancock Income Securities Trust (NYSE:JHS - Free Report) by 158.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,055 shares of the financial services provider's stock after purchasing an additional 118,311 shares during the quarter. Riverbridge Partners LLC owned approximately 1.54% of John Hancock Income Securities Trust worth $2,261,000 as of its most recent SEC filing.A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cary Street Partners Financial LLC bought a new stake in shares of John Hancock Income Securities Trust in the 2nd quarter worth approximately $377,000. 1607 Capital Partners LLC grew its stake in John Hancock Income Securities Trust by 2.3% during the 3rd quarter. 1607 Capital Partners LLC now owns 1,294,219 shares of the financial services provider's stock worth $15,110,000 after buying an additional 28,770 shares during the last quarter. Brick & Kyle Associates acquired a new stake in John Hancock Income Securities Trust in the second quarter worth $238,000. Allspring Global Investments Holdings LLC increased its position in John Hancock Income Securities Trust by 1.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,489,005 shares of the financial services provider's stock worth $17,384,000 after buying an additional 16,747 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in John Hancock Income Securities Trust by 7.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 186,299 shares of the financial services provider's stock valued at $2,175,000 after buying an additional 12,407 shares during the last quarter. John Hancock Income Securities Trust Price PerformanceShares of JHS opened at $10.91 on Friday. John Hancock Income Securities Trust has a 1 year low of $10.62 and a 1 year high of $12.09. The firm has a fifty day moving average of $11.50 and a 200-day moving average of $11.61. John Hancock Income Securities Trust Cuts DividendThe company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 12th will be issued a $0.1377 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, March 12th. John Hancock Income Securities Trust Profile (Free Report)John Hancock Income Securities Trust NYSE: JHS is a diversified, closed-end management investment company that seeks to provide shareholders with high current income while preserving capital. Trading on the New York Stock Exchange since its launch in the late 1970s, the trust offers investors access to a broad portfolio of fixed-income securities under a professional management structure. The fund's primary investment activities include purchasing U.S. government and agency obligations, investment-grade corporate debt, mortgage- and asset-backed securities, preferred stocks, and selected foreign debt instruments.See AlsoFive stocks we like better than John Hancock Income Securities TrustThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in John Hancock Income Securities Trust Right Now?Before you consider John Hancock Income Securities Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and John Hancock Income Securities Trust wasn't on the list.While John Hancock Income Securities Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here