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

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 $11.06 and traded as high as $11.65. John Hancock Hedged Equity & Income Fund shares last traded at $11.6150, with a volume of 75,782 shares traded.

John Hancock Hedged Equity & Income Fund Stock Performance

The company’s 50-day moving average price is $11.19 and its 200-day moving average price is $11.07.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $1.00 annualized dividend and a yield of 8.6%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several hedge funds have recently added to or reduced their stakes in HEQ. Royal Bank of Canada raised its holdings in John Hancock Hedged Equity & Income Fund by 24.7% in the first quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 8,558 shares in the last quarter. Invesco Ltd. raised its holdings in 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 acquiring an additional 24,431 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 acquiring an additional 30,102 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in John Hancock Hedged Equity & Income Fund in the second quarter valued at approximately $168,000. Finally, Envestnet Asset Management Inc. raised its holdings in John Hancock Hedged Equity & Income Fund by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 138,049 shares of the investment management company’s stock valued at $1,470,000 after acquiring an additional 4,356 shares in the last quarter.

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.