John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Pass Above 200 Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.50 and traded as high as $10.74. John Hancock Hedged Equity & Income Fund shares last traded at $10.73, with a volume of 20,781 shares.

John Hancock Hedged Equity & Income Fund Trading Up 0.8%

The firm has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $10.50.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a $0.25 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kovack Advisors Inc. increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.2% in the 2nd quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock valued at $200,000 after acquiring an additional 1,908 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 2.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 133,693 shares of the investment management company’s stock valued at $1,414,000 after acquiring an additional 3,171 shares during the period. Royal Bank of Canada increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 24.7% in the 1st quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 8,558 shares during the period. Invesco Ltd. increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 17.6% in the 1st quarter. Invesco Ltd. now owns 58,187 shares of the investment management company’s stock valued at $605,000 after acquiring an additional 8,704 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 25.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 52,124 shares of the investment management company’s stock valued at $542,000 after acquiring an additional 10,475 shares during the period.

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.