John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200 Day Moving Average – Here’s What Happened

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.92 and traded as high as $11.35. John Hancock Hedged Equity & Income Fund shares last traded at $11.32, with a volume of 16,287 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Up 0.8%

The stock has a fifty day moving average of $11.12 and a 200 day moving average of $10.92.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, March 12th.

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

A number of hedge funds have recently modified their holdings of HEQ. Royal Bank of Canada grew its holdings in John Hancock Hedged Equity & Income Fund by 24.7% during the first 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. Invesco Ltd. raised its stake 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 buying an additional 24,431 shares during the period. Bank of America Corp DE raised its stake in shares of 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 buying an additional 30,102 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of John Hancock Hedged Equity & Income Fund during the 2nd quarter valued at $168,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of 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 valued at $851,000 after buying an additional 25,226 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.