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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.71 and traded as high as $10.96. John Hancock Hedged Equity & Income Fund shares last traded at $10.94, with a volume of 17,974 shares changing hands.

John Hancock Hedged Equity & Income Fund Trading Down 0.5%

The stock’s fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $10.71.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.00 annualized dividend and a dividend yield of 9.1%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. bought a new stake in shares of John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at about $168,000. Kovack Advisors Inc. lifted its stake in shares of John Hancock Hedged Equity & Income Fund by 11.2% in the second quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock worth $200,000 after acquiring an additional 1,908 shares during the period. Verition Fund Management LLC acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the third quarter worth approximately $283,000. Sax Wealth Advisors LLC bought a new stake in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at approximately $365,000. Finally, Royal Bank of Canada increased its position 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 purchasing an additional 8,558 shares during the period.

About John Hancock Hedged Equity & Income Fund

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.