John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.68 and traded as high as $10.83. John Hancock Hedged Equity & Income Fund shares last traded at $10.76, with a volume of 44,990 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The stock’s 50 day moving average price is $10.79 and its two-hundred day moving average price is $10.68.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Trading of John Hancock Hedged Equity & Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HEQ. Bank of America Corp DE boosted its holdings in John Hancock Hedged Equity & Income Fund by 11.7% in the second quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock valued at $3,050,000 after acquiring an additional 30,102 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of John Hancock Hedged Equity & Income Fund during the 3rd quarter worth about $283,000. Blue Bell Private Wealth Management LLC increased its position in John Hancock Hedged Equity & Income Fund by 46.1% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 79,920 shares of the investment management company’s stock worth $851,000 after purchasing an additional 25,226 shares in the last quarter. Invesco Ltd. increased its position in John Hancock Hedged Equity & Income Fund by 42.0% during the 2nd quarter. Invesco Ltd. now owns 82,618 shares of the investment management company’s stock worth $874,000 after purchasing an additional 24,431 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in John Hancock Hedged Equity & Income Fund by 34.3% in the third quarter. Wolverine Asset Management LLC now owns 89,370 shares of the investment management company’s stock valued at $952,000 after buying an additional 22,832 shares during the period.

John Hancock Hedged Equity & Income Fund Company Profile

The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end management investment company that seeks to provide shareholders with a high level of income coupled with the potential for capital appreciation. Listed on the New York Stock Exchange, the fund is managed by John Hancock Investment Management, a subsidiary of Manulife Financial. The fund’s investment objective emphasizes total return, balancing dividend and option premium income with equity market participation.

The fund pursues its goal by investing primarily in a diversified portfolio of U.S.