John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.15 and traded as high as $11.77. John Hancock Hedged Equity & Income Fund shares last traded at $11.5410, with a volume of 36,859 shares.

John Hancock Hedged Equity & Income Fund Price Performance

The business’s 50-day simple moving average is $11.43 and its 200-day simple moving average is $11.15.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 11th will be given a $0.25 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.00 dividend on an annualized basis and a yield of 8.7%.

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 stock. Fifth Third Bancorp purchased a new stake in John Hancock Hedged Equity & Income Fund in the 1st quarter worth approximately $47,000. PNC Financial Services Group Inc. bought a new position in shares of John Hancock Hedged Equity & Income Fund during the 1st quarter valued at $109,000. XTX Topco Ltd acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at $144,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at $168,000. Finally, &PARTNERS acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at $174,000.

John Hancock Hedged Equity & Income Fund Company Profile

(Get Free Report)

The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end management investment company that seeks to provide shareholders with a high level of income coupled with the potential for capital appreciation. Listed on the New York Stock Exchange, the fund is managed by John Hancock Investment Management, a subsidiary of Manulife Financial. The fund’s investment objective emphasizes total return, balancing dividend and option premium income with equity market participation.

The fund pursues its goal by investing primarily in a diversified portfolio of U.S.

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