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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.29 and traded as high as $11.66. John Hancock Hedged Equity & Income Fund shares last traded at $11.4150, with a volume of 21,055 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Up 1.2%

The stock’s fifty day moving average price is $11.51 and its 200-day moving average price is $11.29.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th were given a $0.25 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.00 dividend on an annualized basis and a yield of 8.6%.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

A number of hedge funds have recently modified their holdings of HEQ. Bulldog Investors LLP acquired a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $4,104,000. Sax Wealth Advisors LLC purchased a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at approximately $365,000. Kovack Advisors Inc. raised its stake in shares of John Hancock Hedged Equity & Income Fund by 130.9% in the 4th quarter. Kovack Advisors Inc. now owns 53,236 shares of the investment management company’s stock valued at $543,000 after acquiring an additional 30,176 shares during the period. Bank of America Corp DE lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.7% in the 2nd quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock worth $3,050,000 after acquiring an additional 30,102 shares during the last quarter. Finally, Saba Capital Management L.P. lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.0% in the 4th quarter. Saba Capital Management L.P. now owns 281,328 shares of the investment management company’s stock worth $3,024,000 after acquiring an additional 27,958 shares during 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.