John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above 200-Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.73 and traded as high as $11.09. John Hancock Hedged Equity & Income Fund shares last traded at $11.0550, with a volume of 49,914 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The stock has a 50 day moving average price of $10.87 and a 200-day moving average price of $10.73.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.0%.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sax Wealth Advisors LLC acquired a new stake in John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $365,000. Bank of America Corp DE boosted its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock worth $3,050,000 after purchasing 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 in the third quarter valued at approximately $283,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 46.1% in the third quarter. Blue Bell Private Wealth Management LLC now owns 79,920 shares of the investment management company’s stock valued at $851,000 after purchasing an additional 25,226 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 42.0% in the second quarter. Invesco Ltd. now owns 82,618 shares of the investment management company’s stock valued at $874,000 after purchasing an additional 24,431 shares during the last quarter.

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.