John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above 200 Day Moving Average of $10.38

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.38 and traded as high as $10.85. John Hancock Hedged Equity & Income Fund shares last traded at $10.82, with a volume of 20,487 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The firm has a 50-day moving average of $10.64 and a two-hundred day moving average of $10.38.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend is Friday, September 13th.

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

A number of institutional investors have recently modified their holdings of the company. Quantedge Capital Pte Ltd acquired a new stake in shares of John Hancock Hedged Equity & Income Fund during the fourth quarter worth about $133,000. Vima LLC purchased a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter valued at approximately $449,000. B. Riley Wealth Advisors Inc. grew its stake in John Hancock Hedged Equity & Income Fund by 5.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment management company’s stock worth $476,000 after purchasing an additional 2,573 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in shares of John Hancock Hedged Equity & Income Fund by 93.1% in the 4th quarter. 1607 Capital Partners LLC now owns 61,666 shares of the investment management company’s stock valued at $620,000 after buying an additional 29,730 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of John Hancock Hedged Equity & Income Fund during the first quarter worth about $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.