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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

John Hancock Hedged Equity & Income Fund Price Performance

The firm has a fifty day moving average of $10.85 and a 200 day moving average of $10.60.

John Hancock Hedged Equity & Income Fund Dividend Announcement

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

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

A number of large investors have recently made changes to their positions in the company. Kovack Advisors Inc. grew its stake in shares of John Hancock Hedged Equity & Income Fund by 23.0% during the 3rd quarter. Kovack Advisors Inc. now owns 13,227 shares of the investment management company’s stock valued at $145,000 after purchasing an additional 2,471 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of John Hancock Hedged Equity & Income Fund by 9.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 4,078 shares during the period. Logan Stone Capital LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 8.5% during the 2nd quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 5,335 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of John Hancock Hedged Equity & Income Fund by 1.7% during 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 period. Finally, Vima LLC bought a new stake in shares of John Hancock Hedged Equity & Income Fund during the 1st 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.