John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of 0.25 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, September 11th.
John Hancock Hedged Equity & Income Fund Stock Performance
John Hancock Hedged Equity & Income Fund stock opened at $11.61 on Wednesday. The stock’s 50 day moving average is $11.55 and its 200 day moving average is $11.41. John Hancock Hedged Equity & Income Fund has a twelve month low of $10.46 and a twelve month high of $12.00.
Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter worth about $47,000. PNC Financial Services Group Inc. bought a new stake in John Hancock Hedged Equity & Income Fund during the 1st quarter valued at about $109,000. Advisory Solutions Group LLC purchased a new position in John Hancock Hedged Equity & Income Fund in the second quarter worth about $119,000. XTX Topco Ltd purchased a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter worth about $144,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of John Hancock Hedged Equity & Income Fund in the second quarter worth 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.
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