John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.42 and traded as high as $11.83. John Hancock Hedged Equity & Income Fund shares last traded at $11.7250, with a volume of 32,109 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Down 2.7%

The firm has a 50-day simple moving average of $11.61 and a 200-day simple moving average of $11.42.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Friday, September 11th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter worth $144,000. &PARTNERS acquired a new stake in John Hancock Hedged Equity & Income Fund in the fourth quarter worth about $174,000. Verition Fund Management LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 37.7% during the fourth quarter. Verition Fund Management LLC now owns 36,559 shares of the investment management company’s stock worth $393,000 after acquiring an additional 10,000 shares during the last quarter. LPL Financial LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 34.5% during the fourth quarter. LPL Financial LLC now owns 43,983 shares of the investment management company’s stock worth $473,000 after acquiring an additional 11,284 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of John Hancock Hedged Equity & Income Fund during the second quarter valued at about $168,000.

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.