John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200 Day Moving Average of $10.17

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.17 and traded as high as $10.27. John Hancock Hedged Equity & Income Fund shares last traded at $10.22, with a volume of 23,712 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The stock’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $10.17.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.79%. The ex-dividend date of this dividend is Thursday, June 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in shares of John Hancock Hedged Equity & Income Fund by 1.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 136,611 shares of the investment management company’s stock valued at $1,433,000 after buying an additional 1,468 shares during the last quarter. Principal Securities Inc. acquired a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter worth $1,170,000. Advisors Asset Management Inc. acquired a new stake in John Hancock Hedged Equity & Income Fund during the 1st quarter worth $653,000. 1607 Capital Partners LLC boosted its stake in John Hancock Hedged Equity & Income Fund by 93.1% during the 4th quarter. 1607 Capital Partners LLC now owns 61,666 shares of the investment management company’s stock worth $620,000 after purchasing an additional 29,730 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in John Hancock Hedged Equity & Income Fund by 5.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment management company’s stock worth $476,000 after purchasing an additional 2,573 shares during the period.

John Hancock Hedged Equity & Income Fund Company Profile

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.