John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $11.36 and traded as low as $11.20. John Hancock Hedged Equity & Income Fund shares last traded at $11.3350, with a volume of 67,552 shares traded.

John Hancock Hedged Equity & Income Fund Stock Down 1.7%

The company’s 50 day moving average price is $11.41 and its two-hundred day moving average price is $11.36.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 8.9%.

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

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of John Hancock Hedged Equity & Income Fund during the 1st quarter valued at $47,000. PNC Financial Services Group Inc. bought a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter worth $109,000. Advisory Solutions Group LLC bought a new position in John Hancock Hedged Equity & Income Fund in the 2nd quarter worth $119,000. Blue Bell Private Wealth Management LLC boosted its holdings in John Hancock Hedged Equity & Income Fund by 1.7% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 111,631 shares of the investment management company’s stock worth $1,245,000 after buying an additional 1,919 shares during the period. Finally, Bank of America Corp DE increased its stake in John Hancock Hedged Equity & Income Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 304,521 shares of the investment management company’s stock worth $3,307,000 after buying an additional 11,907 shares in the last quarter.

About John Hancock Hedged Equity & Income Fund

John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income while also pursuing long-term capital appreciation.

To pursue its objectives, the fund invests in a diversified portfolio of equity securities and income-producing investments, including corporate and government debt, convertible securities and other fixed-income instruments. Its strategy may also use options and other hedging techniques to manage risk and generate income, although these approaches can limit some potential gains and introduce additional investment risks.

As a publicly traded closed-end fund, HEQ’s shares trade on the New York Stock Exchange, while the fund’s portfolio is managed for investors seeking exposure to a combination of equity-market participation and income-oriented investments.