John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.60 and traded as high as $10.85. John Hancock Hedged Equity & Income Fund shares last traded at $10.84, with a volume of 52,799 shares.

John Hancock Hedged Equity & Income Fund Stock Performance

The company has a fifty day moving average price of $10.84 and a 200-day moving average price of $10.60.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.23%. The ex-dividend date was Friday, September 13th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Hedged Equity & Income Fund by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock valued at $1,444,000 after purchasing an additional 2,358 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of John Hancock Hedged Equity & Income Fund by 23.0% in the 3rd quarter. Kovack Advisors Inc. now owns 13,227 shares of the investment management company’s stock valued at $145,000 after acquiring an additional 2,471 shares in the last quarter. 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 purchasing an additional 4,078 shares during the period. Logan Stone Capital LLC grew its position in shares of 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 last quarter. Finally, Vima LLC purchased a new position in John Hancock Hedged Equity & Income Fund during the first quarter valued at $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.