John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.41 and traded as high as $10.99. John Hancock Hedged Equity & Income Fund shares last traded at $10.89, with a volume of 36,973 shares changing hands.

John Hancock Hedged Equity & Income Fund Trading Down 0.8 %

The business’s 50-day moving average is $10.70 and its two-hundred day moving average is $10.42.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.23%.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in HEQ. B. Riley Wealth Advisors Inc. increased its stake in John Hancock Hedged Equity & Income Fund by 9.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock worth $508,000 after acquiring an additional 4,078 shares during the last quarter. Logan Stone Capital LLC raised its stake in John Hancock Hedged Equity & Income Fund by 8.5% in the second quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 5,335 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in John Hancock Hedged Equity & Income Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock valued at $1,444,000 after purchasing an additional 2,358 shares in the last quarter. Vima LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the first quarter valued at approximately $449,000. Finally, Advisors Asset Management Inc. purchased a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter worth approximately $653,000.

John Hancock Hedged Equity & Income Fund Company Profile

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.