John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Crosses Above 200 Day Moving Average of $10.41

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.41 and traded as high as $10.99. John Hancock Hedged Equity & Income Fund shares last traded at $10.89, with a volume of 36,973 shares traded.

John Hancock Hedged Equity & Income Fund Trading Down 0.7 %

The business has a 50-day moving average price of $10.68 and a 200-day moving average price of $10.41.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. increased its stake in John Hancock Hedged Equity & Income Fund by 9.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,914 shares of the investment management company’s stock valued at $508,000 after buying an additional 4,078 shares during the period. Logan Stone Capital LLC boosted its position in John Hancock Hedged Equity & Income Fund by 8.5% during the second quarter. Logan Stone Capital LLC now owns 68,435 shares of the investment management company’s stock valued at $711,000 after purchasing an additional 5,335 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in John Hancock Hedged Equity & Income Fund by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 138,969 shares of the investment management company’s stock valued at $1,444,000 after purchasing an additional 2,358 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter worth about $653,000. Finally, Vima LLC purchased a new stake in shares of John Hancock Hedged Equity & Income Fund during the 1st quarter worth about $449,000.

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.