John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.88 and traded as high as $10.89. John Hancock Hedged Equity & Income Fund shares last traded at $10.8550, with a volume of 42,984 shares traded.

John Hancock Hedged Equity & Income Fund Price Performance

The company has a 50-day moving average price of $11.13 and a 200-day moving average price of $10.88.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend was Thursday, March 12th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $144,000. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Hedged Equity & Income Fund during the 2nd quarter worth about $168,000. &PARTNERS acquired a new position in shares of John Hancock Hedged Equity & Income Fund during the fourth quarter worth approximately $174,000. Kovack Advisors Inc. lifted its holdings in John Hancock Hedged Equity & Income Fund by 22.0% during the 3rd quarter. Kovack Advisors Inc. now owns 23,060 shares of the investment management company’s stock worth $246,000 after buying an additional 4,165 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in John Hancock Hedged Equity & Income Fund in the third quarter valued at about $283,000.

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.