John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200-Day Moving Average – Time to Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.10 and traded as high as $11.74. John Hancock Hedged Equity & Income Fund shares last traded at $11.70, with a volume of 28,511 shares trading hands.

John Hancock Hedged Equity & Income Fund Stock Up 1.0%

The stock’s fifty day moving average price is $11.28 and its 200-day moving average price is $11.10.

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John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Thursday, March 12th.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $47,000. PNC Financial Services Group Inc. purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $109,000. XTX Topco Ltd purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $144,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at about $168,000. Finally, &PARTNERS purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $174,000.

About John Hancock Hedged Equity & Income Fund

(Get Free Report)

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.

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