John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above Two Hundred Day Moving Average of $9.96

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.96 and traded as high as $9.97. John Hancock Hedged Equity & Income Fund shares last traded at $9.93, with a volume of 43,671 shares traded.

John Hancock Hedged Equity & Income Fund Trading Down 0.1 %

The company’s 50-day moving average is $10.18 and its 200-day moving average is $9.96.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Monday, March 11th were paid a $0.25 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.07%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC bought a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $41,000. Quantedge Capital Pte Ltd bought a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter worth approximately $133,000. Advisor Partners II LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the 3rd quarter worth approximately $150,000. Raymond James & Associates increased its stake in John Hancock Hedged Equity & Income Fund by 10.3% during the 4th quarter. Raymond James & Associates now owns 16,999 shares of the investment management company’s stock worth $171,000 after purchasing an additional 1,594 shares in the last quarter. Finally, AQR Arbitrage LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the 3rd quarter worth approximately $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.