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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.75 and traded as high as $11.17. John Hancock Hedged Equity & Income Fund shares last traded at $11.11, with a volume of 12,470 shares traded.

John Hancock Hedged Equity & Income Fund Stock Performance

The company has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $10.75.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, December 11th. This represents a $1.00 dividend on an annualized basis and a yield of 9.0%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new position in John Hancock Hedged Equity & Income Fund during the second quarter valued at approximately $168,000. Kovack Advisors Inc. lifted its holdings in John Hancock Hedged Equity & Income Fund by 11.2% during the second quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock worth $200,000 after buying an additional 1,908 shares during the period. Verition Fund Management LLC bought a new stake in John Hancock Hedged Equity & Income Fund during the 3rd quarter valued at $283,000. Sax Wealth Advisors LLC purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at $365,000. Finally, Royal Bank of Canada raised its position 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 worth $449,000 after acquiring an additional 8,558 shares in the last quarter.

About John Hancock Hedged Equity & Income Fund

The John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end management investment company that seeks to provide shareholders with a high level of income coupled with the potential for capital appreciation. Listed on the New York Stock Exchange, the fund is managed by John Hancock Investment Management, a subsidiary of Manulife Financial. The fund’s investment objective emphasizes total return, balancing dividend and option premium income with equity market participation.

The fund pursues its goal by investing primarily in a diversified portfolio of U.S.