John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Passes Above Two Hundred Day Moving Average of $9.90

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.90 and traded as high as $10.34. John Hancock Hedged Equity & Income Fund shares last traded at $10.33, with a volume of 35,744 shares trading hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The firm’s 50 day moving average is $10.19 and its 200 day moving average is $9.90.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Monday, March 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.68%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC bought a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter worth about $41,000. Quarry LP purchased a new stake in John Hancock Hedged Equity & Income Fund during the 2nd quarter valued at about $103,000. Silverlake Wealth Management LLC purchased a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at about $141,000. Quantedge Capital Pte Ltd purchased a new stake in shares of John Hancock Hedged Equity & Income Fund during the 4th quarter valued at about $133,000. Finally, Comerica Bank purchased a new stake in shares of John Hancock Hedged Equity & Income Fund during the 3rd quarter valued at about $139,000.

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.