John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.81 and traded as high as $11.49. John Hancock Hedged Equity & Income Fund shares last traded at $11.4160, with a volume of 28,907 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Up 0.9%

The business has a fifty day moving average of $11.01 and a 200-day moving average of $10.82.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.00 annualized dividend and a dividend yield of 8.7%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Large investors have recently added to or reduced their stakes in the stock. Bulldog Investors LLP bought a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter worth about $4,104,000. Sax Wealth Advisors LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at approximately $365,000. Kovack Advisors Inc. raised its position in shares of John Hancock Hedged Equity & Income Fund by 130.9% in the 4th quarter. Kovack Advisors Inc. now owns 53,236 shares of the investment management company’s stock worth $572,000 after acquiring an additional 30,176 shares in the last quarter. Bank of America Corp DE boosted its position in shares of John Hancock Hedged Equity & Income Fund by 11.7% during the second quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock valued at $3,050,000 after purchasing an additional 30,102 shares in the last quarter. Finally, Saba Capital Management L.P. grew its stake in John Hancock Hedged Equity & Income Fund by 11.0% in the fourth quarter. Saba Capital Management L.P. now owns 281,328 shares of the investment management company’s stock worth $3,024,000 after purchasing an additional 27,958 shares during the period.

About John Hancock Hedged Equity & Income Fund

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.