John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.75 and traded as high as $11.17. John Hancock Hedged Equity & Income Fund shares last traded at $11.11, with a volume of 12,470 shares trading hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The stock has a 50 day moving average of $10.91 and a 200-day moving average of $10.75.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, December 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.0%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Kovack Advisors Inc. raised its stake in John Hancock Hedged Equity & Income Fund by 11.2% during the second quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 1,908 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 2.4% in 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 last quarter. Ameriprise Financial Inc. grew its position in John Hancock Hedged Equity & Income Fund by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 65,693 shares of the investment management company’s stock worth $700,000 after acquiring an additional 8,287 shares in the last quarter. Royal Bank of Canada increased its stake 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 worth $449,000 after acquiring an additional 8,558 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at approximately $168,000.

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.