John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.15 and traded as high as $11.77. John Hancock Hedged Equity & Income Fund shares last traded at $11.5410, with a volume of 36,859 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The business’s 50-day simple moving average is $11.46 and its two-hundred day simple moving average is $11.16.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.00 annualized dividend and a yield of 8.8%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in John Hancock Hedged Equity & Income Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 304,521 shares of the investment management company’s stock valued at $3,307,000 after purchasing an additional 11,907 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in John Hancock Hedged Equity & Income Fund during the first quarter valued at $109,000. Bulldog Investors LLP increased its stake in John Hancock Hedged Equity & Income Fund by 46.2% during the first quarter. Bulldog Investors LLP now owns 558,291 shares of the investment management company’s stock valued at $6,063,000 after purchasing an additional 176,527 shares during the last quarter. Fifth Third Bancorp bought a new stake in John Hancock Hedged Equity & Income Fund during the first quarter valued at $47,000. Finally, Invesco Ltd. increased its stake in John Hancock Hedged Equity & Income Fund by 28.9% during the fourth quarter. Invesco Ltd. now owns 119,455 shares of the investment management company’s stock valued at $1,284,000 after purchasing an additional 26,747 shares during 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.