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

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.87 and traded as high as $11.43. John Hancock Hedged Equity & Income Fund shares last traded at $11.39, with a volume of 126,834 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The company has a 50-day simple moving average of $11.13 and a 200 day simple moving average of $10.87.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its holdings in John Hancock Hedged Equity & Income Fund by 5.4% in the fourth quarter. Kestra Advisory Services LLC now owns 44,387 shares of the investment management company’s stock valued at $477,000 after buying an additional 2,275 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of John Hancock Hedged Equity & Income Fund by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 133,693 shares of the investment management company’s stock valued at $1,414,000 after acquiring an additional 3,171 shares during the period. Kovack Advisors Inc. grew its position in shares of 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 valued at $246,000 after acquiring an additional 4,165 shares during the period. 1607 Capital Partners LLC increased its stake in shares of John Hancock Hedged Equity & Income Fund by 6.1% in the 4th quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after purchasing an additional 7,442 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of John Hancock Hedged Equity & Income Fund by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 65,693 shares of the investment management company’s stock valued at $700,000 after purchasing an additional 8,287 shares in 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.