ProVise Management Group LLC Boosts Holdings in John Hancock Income Securities Trust (JHS)

ProVise Management Group LLC boosted its position in John Hancock Income Securities Trust (NYSE:JHS) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 115,947 shares of the financial services provider’s stock after purchasing an additional 25,225 shares during the quarter. ProVise Management Group LLC owned approximately 1.00% of John Hancock Income Securities Trust worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JHS. Stifel Financial Corp purchased a new stake in shares of John Hancock Income Securities Trust in the second quarter worth $316,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of John Hancock Income Securities Trust in the third quarter worth $367,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of John Hancock Income Securities Trust by 138.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 31,563 shares of the financial services provider’s stock worth $469,000 after acquiring an additional 18,333 shares during the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of John Hancock Income Securities Trust by 0.9% in the fourth quarter. Sit Investment Associates Inc. now owns 1,467,719 shares of the financial services provider’s stock worth $21,796,000 after acquiring an additional 13,075 shares during the last quarter. Institutional investors and hedge funds own 29.44% of the company’s stock.

Shares of John Hancock Income Securities Trust (NYSE:JHS) opened at $14.48 on Wednesday. John Hancock Income Securities Trust has a 12 month low of $13.92 and a 12 month high of $15.12.

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About John Hancock Income Securities Trust

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.

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

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