John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above 200 Day Moving Average of $10.21

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.21 and traded as high as $10.42. John Hancock Hedged Equity & Income Fund shares last traded at $10.35, with a volume of 23,066 shares trading hands.

John Hancock Hedged Equity & Income Fund Price Performance

The company has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.21.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 9.62%.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 1.1% during the first quarter. Commonwealth Equity Services LLC now owns 136,611 shares of the investment management company’s stock worth $1,433,000 after purchasing an additional 1,468 shares during the period. Principal Securities Inc. acquired a new stake in shares of John Hancock Hedged Equity & Income Fund during the fourth quarter worth $1,170,000. Advisors Asset Management Inc. acquired a new stake in shares of John Hancock Hedged Equity & Income Fund during the first quarter worth $653,000. 1607 Capital Partners LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 93.1% during the fourth 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. grew its stake in shares of John Hancock Hedged Equity & Income Fund by 5.7% during the fourth 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.

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.