John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of 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 $10.47 and traded as high as $10.69. John Hancock Hedged Equity & Income Fund shares last traded at $10.61, with a volume of 38,387 shares.

John Hancock Hedged Equity & Income Fund Stock Up 0.2%

The business’s 50 day moving average is $10.64 and its two-hundred day moving average is $10.47.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date was Friday, September 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HEQ. B. Riley Wealth Advisors Inc. bought a new stake in shares of John Hancock Hedged Equity & Income Fund during the 2nd quarter worth $168,000. Bank of America Corp DE lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock worth $3,050,000 after acquiring an additional 30,102 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 42.0% during the 2nd quarter. Invesco Ltd. now owns 82,618 shares of the investment management company’s stock worth $874,000 after acquiring an additional 24,431 shares during the last quarter. Kovack Advisors Inc. raised its position in John Hancock Hedged Equity & Income Fund by 11.2% in the 2nd quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock worth $200,000 after purchasing an additional 1,908 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in John Hancock Hedged Equity & Income Fund by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 133,693 shares of the investment management company’s stock worth $1,414,000 after purchasing an additional 3,171 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.