John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.47 and traded as high as $10.73. John Hancock Hedged Equity & Income Fund shares last traded at $10.67, with a volume of 45,535 shares trading hands.

John Hancock Hedged Equity & Income Fund Price Performance

The company’s 50 day moving average is $10.66 and its 200 day moving average is $10.47.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.25 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.00 annualized dividend and a dividend yield of 9.4%.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of HEQ. Blue Bell Private Wealth Management LLC lifted its position in John Hancock Hedged Equity & Income Fund by 25.2% during the first quarter. Blue Bell Private Wealth Management LLC now owns 52,124 shares of the investment management company’s stock worth $542,000 after purchasing an additional 10,475 shares during the period. Kovack Advisors Inc. increased its position in John Hancock Hedged Equity & Income Fund by 14.3% during the 1st quarter. Kovack Advisors Inc. now owns 16,987 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 2,128 shares during the period. Wolverine Asset Management LLC grew its position in shares of John Hancock Hedged Equity & Income Fund by 229.1% during the 1st quarter. Wolverine Asset Management LLC now owns 88,582 shares of the investment management company’s stock worth $921,000 after buying an additional 61,665 shares during the period. Invesco Ltd. grew its position in John Hancock Hedged Equity & Income Fund by 17.6% in the 1st quarter. Invesco Ltd. now owns 58,187 shares of the investment management company’s stock valued at $605,000 after purchasing an additional 8,704 shares during the period. Finally, Royal Bank of Canada lifted its stake in John Hancock Hedged Equity & Income Fund by 24.7% during the 1st quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 8,558 shares in the last quarter.

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.