John Hancock Hedged Equity & Income Fund (HEQ) to Issue Quarterly Dividend of $0.25 on March 31st

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.25 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Thursday, March 12th.

John Hancock Hedged Equity & Income Fund Stock Up 1.0%

NYSE HEQ traded up $0.11 during trading on Tuesday, reaching $11.16. 1,748 shares of the stock traded hands, compared to its average volume of 50,227. John Hancock Hedged Equity & Income Fund has a fifty-two week low of $9.23 and a fifty-two week high of $11.58. The stock’s 50-day moving average price is $11.16 and its 200 day moving average price is $10.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HEQ. XTX Topco Ltd bought a new position in John Hancock Hedged Equity & Income Fund in the 4th quarter valued at approximately $144,000. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the second quarter worth $168,000. &PARTNERS bought a new stake in John Hancock Hedged Equity & Income Fund during the fourth quarter valued at $174,000. Kovack Advisors Inc. boosted its position in shares of John Hancock Hedged Equity & Income Fund by 22.0% during the 3rd quarter. Kovack Advisors Inc. now owns 23,060 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 4,165 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of John Hancock Hedged Equity & Income Fund during the 3rd quarter worth approximately $283,000.

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.