John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

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 $10.96 and traded as high as $11.66. John Hancock Hedged Equity & Income Fund shares last traded at $11.5810, with a volume of 33,233 shares trading hands.

John Hancock Hedged Equity & Income Fund Stock Down 0.6%

The firm’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $10.96.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.6%. 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 institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $144,000. B. Riley Wealth Advisors Inc. purchased a new position in John Hancock Hedged Equity & Income Fund in the second quarter valued at about $168,000. &PARTNERS purchased a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $174,000. Kovack Advisors Inc. increased its holdings in John Hancock Hedged Equity & Income Fund by 22.0% in the third quarter. Kovack Advisors Inc. now owns 23,060 shares of the investment management company’s stock valued at $246,000 after buying an additional 4,165 shares in the last quarter. Finally, Verition Fund Management LLC purchased 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.