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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.90 and traded as high as $11.14. John Hancock Hedged Equity & Income Fund shares last traded at $10.95, with a volume of 53,713 shares traded.

John Hancock Hedged Equity & Income Fund Stock Performance

The stock’s 50-day moving average is $11.11 and its 200-day moving average is $10.90.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 12th. This represents a $1.00 annualized dividend and a dividend yield of 9.1%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter worth about $144,000. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Hedged Equity & Income Fund in the 2nd quarter worth about $168,000. &PARTNERS bought a new position in John Hancock Hedged Equity & Income Fund in the 4th quarter worth about $174,000. Kovack Advisors Inc. grew its position in John Hancock Hedged Equity & Income Fund by 22.0% in the 3rd quarter. Kovack Advisors Inc. now owns 23,060 shares of the investment management company’s stock worth $246,000 after purchasing an additional 4,165 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 3rd quarter worth approximately $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.