John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.42 and traded as low as $11.31. John Hancock Hedged Equity & Income Fund shares last traded at $11.49, with a volume of 19,068 shares traded.

John Hancock Hedged Equity & Income Fund Price Performance

The firm has a 50-day moving average of $11.60 and a 200 day moving average of $11.42.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 11th will be given a $0.25 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%.

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

A number of large investors have recently made changes to their positions in the business. Bulldog Investors LLP lifted its stake in shares of John Hancock Hedged Equity & Income Fund by 46.2% in the first quarter. Bulldog Investors LLP now owns 558,291 shares of the investment management company’s stock worth $6,063,000 after buying an additional 176,527 shares during the last quarter. Bank of America Corp DE raised its position in shares of John Hancock Hedged Equity & Income Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 304,521 shares of the investment management company’s stock valued at $3,307,000 after buying an additional 11,907 shares during the last quarter. 1607 Capital Partners LLC lifted its position in shares of 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 worth $1,395,000 after acquiring an additional 7,442 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in John Hancock Hedged Equity & Income Fund by 22.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 97,987 shares of the investment management company’s stock worth $1,053,000 after purchasing an additional 18,067 shares during the period. Finally, Advisory Solutions Group LLC bought a new position in shares of John Hancock Hedged Equity & Income Fund during the 2nd quarter worth about $119,000.

About John Hancock Hedged Equity & Income Fund

John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end investment company managed by John Hancock Investment Management. The fund seeks to provide a high level of current income and long-term capital appreciation by investing in a diversified portfolio of equity and income-producing securities.

The fund uses hedging strategies in an effort to manage equity-market risk and may employ options and other derivative instruments as part of its investment approach. Its portfolio may include common stocks, preferred stocks, convertible securities, corporate bonds and other debt instruments, with allocations adjusted according to market conditions and the portfolio managers’ outlook.

HEQ is designed for investors seeking exposure to both equity and fixed-income markets through a professionally managed portfolio.