John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above 200 Day Moving Average of $10.16

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.16 and traded as high as $10.53. John Hancock Hedged Equity & Income Fund shares last traded at $10.45, with a volume of 21,612 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The firm’s 50 day moving average is $10.23 and its 200-day moving average is $10.16.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date is Thursday, June 13th.

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

Several hedge funds have recently made changes to their positions in HEQ. Blue Bell Private Wealth Management LLC acquired a new stake in John Hancock Hedged Equity & Income Fund in the 4th quarter worth about $41,000. Quantedge Capital Pte Ltd purchased a new position in shares of John Hancock Hedged Equity & Income Fund during the 4th quarter worth about $133,000. Raymond James & Associates boosted its position in shares of John Hancock Hedged Equity & Income Fund by 10.3% in the fourth quarter. Raymond James & Associates now owns 16,999 shares of the investment management company’s stock worth $171,000 after acquiring an additional 1,594 shares during the last quarter. AQR Arbitrage LLC purchased a new stake in John Hancock Hedged Equity & Income Fund in the third quarter valued at approximately $301,000. Finally, 1607 Capital Partners LLC purchased a new stake in John Hancock Hedged Equity & Income Fund in the third quarter valued at approximately $306,000.

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.