John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Passes Above 200-Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.58 and traded as high as $10.81. John Hancock Hedged Equity & Income Fund shares last traded at $10.81, with a volume of 22,140 shares.

John Hancock Hedged Equity & Income Fund Trading Up 0.1 %

The firm’s 50-day moving average is $10.86 and its 200-day moving average is $10.58.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.25 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.25%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in shares of John Hancock Hedged Equity & Income Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock worth $1,444,000 after buying an additional 2,358 shares during the period. Logan Stone Capital LLC boosted its holdings in John Hancock Hedged Equity & Income Fund by 8.5% in the 2nd quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock worth $711,000 after buying an additional 5,335 shares during the period. Advisors Asset Management Inc. bought a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter worth $653,000. B. Riley Wealth Advisors Inc. increased its stake in John Hancock Hedged Equity & Income Fund by 9.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock worth $508,000 after buying an additional 4,078 shares in the last quarter. Finally, Vima LLC purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the first quarter valued at about $449,000.

About John Hancock Hedged Equity & Income Fund

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.