John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above Two Hundred Day Moving Average of $9.96

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as high as $9.97. John Hancock Hedged Equity & Income Fund shares last traded at $9.93, with a volume of 43,671 shares.

John Hancock Hedged Equity & Income Fund Stock Down 0.1 %

The firm has a 50 day moving average of $10.18 and a 200-day moving average of $9.96.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, March 8th. This represents a $1.00 annualized dividend and a yield of 10.07%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its position in John Hancock Hedged Equity & Income Fund by 5.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment management company’s stock valued at $476,000 after acquiring an additional 2,573 shares in the last quarter. Quantedge Capital Pte Ltd bought a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at $133,000. 1607 Capital Partners LLC boosted its position in John Hancock Hedged Equity & Income Fund by 93.1% during the 4th quarter. 1607 Capital Partners LLC now owns 61,666 shares of the investment management company’s stock valued at $620,000 after acquiring an additional 29,730 shares in the last quarter. Principal Securities Inc. bought a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at $1,170,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at $41,000.

About John Hancock Hedged Equity & Income Fund

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.