John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Above 200 Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.75 and traded as high as $11.17. John Hancock Hedged Equity & Income Fund shares last traded at $11.11, with a volume of 12,470 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Up 1.5%

The firm’s 50-day moving average is $10.92 and its 200 day moving average is $10.76.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.00 annualized dividend and a dividend yield of 8.9%.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Hedged Equity & Income Fund during the second quarter worth $168,000. Kovack Advisors Inc. lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.2% in the second quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 1,908 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of John Hancock Hedged Equity & Income Fund in the third quarter valued at approximately $283,000. Sax Wealth Advisors LLC purchased a new position in shares of John Hancock Hedged Equity & Income Fund during the fourth quarter valued at approximately $365,000. Finally, Royal Bank of Canada grew its holdings in John Hancock Hedged Equity & Income Fund by 24.7% during the first quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock worth $449,000 after buying an additional 8,558 shares in the last quarter.

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.