John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above Two Hundred Day Moving Average of $9.98

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.98 and traded as high as $10.18. John Hancock Hedged Equity & Income Fund shares last traded at $10.17, with a volume of 20,679 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Up 0.3 %

The business has a fifty day simple moving average of $10.13 and a 200 day simple moving average of $9.98.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date of this dividend was Friday, March 8th.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several large investors have recently added to or reduced their stakes in HEQ. Blue Bell Private Wealth Management LLC bought a new stake in shares of John Hancock Hedged Equity & Income Fund during the 4th quarter worth $41,000. Quantedge Capital Pte Ltd acquired a new stake in John Hancock Hedged Equity & Income Fund during the fourth quarter valued at $133,000. Advisor Partners II LLC acquired a new stake in John Hancock Hedged Equity & Income Fund during the third quarter valued at $150,000. Raymond James & Associates boosted its position in John Hancock Hedged Equity & Income Fund by 10.3% during the fourth quarter. Raymond James & Associates now owns 16,999 shares of the investment management company’s stock valued at $171,000 after purchasing an additional 1,594 shares during the last quarter. Finally, AQR Arbitrage LLC acquired a new stake in John Hancock Hedged Equity & Income Fund during the third quarter valued at $301,000.

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.