John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.67 and traded as high as $10.88. John Hancock Hedged Equity & Income Fund shares last traded at $10.77, with a volume of 36,435 shares changing hands.

John Hancock Hedged Equity & Income Fund Trading Up 0.1%

The business’s 50-day simple moving average is $10.79 and its two-hundred day simple moving average is $10.67.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 11th. This represents a $1.00 annualized dividend and a dividend yield of 9.3%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

A number of institutional investors have recently bought and sold shares of HEQ. 1607 Capital Partners LLC grew its holdings in John Hancock Hedged Equity & Income Fund by 43.0% during the 1st quarter. 1607 Capital Partners LLC now owns 143,675 shares of the investment management company’s stock worth $1,494,000 after acquiring an additional 43,173 shares during the period. Bank of America Corp DE boosted its position in shares of John Hancock Hedged Equity & Income Fund by 11.7% during the 2nd 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. Verition Fund Management LLC acquired a new stake in John Hancock Hedged Equity & Income Fund during the third quarter worth approximately $283,000. Blue Bell Private Wealth Management LLC grew its stake in John Hancock Hedged Equity & Income Fund by 46.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 79,920 shares of the investment management company’s stock worth $851,000 after purchasing an additional 25,226 shares during the period. Finally, Invesco Ltd. increased its holdings in John Hancock Hedged Equity & Income Fund by 42.0% in the second quarter. Invesco Ltd. now owns 82,618 shares of the investment management company’s stock worth $874,000 after purchasing an additional 24,431 shares in the last quarter.

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.