John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above Two Hundred Day Moving Average of $10.31

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.31 and traded as high as $10.86. John Hancock Hedged Equity & Income Fund shares last traded at $10.83, with a volume of 47,430 shares.

John Hancock Hedged Equity & Income Fund Stock Performance

The company has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $10.31.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date was Thursday, June 13th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. raised its position in John Hancock Hedged Equity & Income Fund by 9.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 4,078 shares during the last quarter. Logan Stone Capital LLC raised its position in John Hancock Hedged Equity & Income Fund by 8.5% during the 2nd 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 during the last quarter. Commonwealth Equity Services LLC raised its position in John Hancock Hedged Equity & Income Fund by 1.7% during the 2nd 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 during the last quarter. Vima LLC bought a new position in John Hancock Hedged Equity & Income Fund during the 1st quarter valued at approximately $449,000. Finally, Advisors Asset Management Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the 1st quarter valued at 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.