John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above 200 Day Moving Average – Here’s Why

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.88 and traded as high as $10.89. John Hancock Hedged Equity & Income Fund shares last traded at $10.8550, with a volume of 42,984 shares trading hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The firm’s fifty day moving average price is $11.13 and its 200-day moving average price is $10.88.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 12th. This represents a $1.00 dividend on an annualized basis and a yield of 9.1%.

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

Several large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its stake in shares of John Hancock Hedged Equity & Income Fund by 5.4% during the fourth quarter. Kestra Advisory Services LLC now owns 44,387 shares of the investment management company’s stock valued at $477,000 after purchasing an additional 2,275 shares in the last quarter. Kovack Advisors Inc. increased its stake in shares of John Hancock Hedged Equity & Income Fund by 22.0% in the third quarter. Kovack Advisors Inc. now owns 23,060 shares of the investment management company’s stock valued at $246,000 after buying an additional 4,165 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of John Hancock Hedged Equity & Income Fund by 3.3% in the third quarter. Envestnet Asset Management Inc. now owns 138,049 shares of the investment management company’s stock valued at $1,470,000 after buying an additional 4,356 shares during the period. 1607 Capital Partners LLC raised its holdings in John Hancock Hedged Equity & Income Fund by 6.1% in the 4th quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 7,442 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in John Hancock Hedged Equity & Income Fund by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 65,693 shares of the investment management company’s stock valued at $700,000 after buying an additional 8,287 shares during 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.