John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Pass Above 200-Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.18 and traded as high as $11.63. John Hancock Hedged Equity & Income Fund shares last traded at $11.43, with a volume of 36,154 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The business has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $11.18.

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John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Thursday, June 11th.

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

A number of large investors have recently bought and sold shares of the stock. Bulldog Investors LLP lifted its position in shares of John Hancock Hedged Equity & Income Fund by 46.2% in the 1st quarter. Bulldog Investors LLP now owns 558,291 shares of the investment management company’s stock worth $6,063,000 after buying an additional 176,527 shares during the last quarter. Bank of America Corp DE raised its stake in John Hancock Hedged Equity & Income Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 304,521 shares of the investment management company’s stock worth $3,307,000 after acquiring an additional 11,907 shares during the period. Saba Capital Management L.P. lifted its holdings in John Hancock Hedged Equity & Income Fund by 11.0% in the fourth quarter. Saba Capital Management L.P. now owns 281,328 shares of the investment management company’s stock worth $3,024,000 after acquiring an additional 27,958 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in John Hancock Hedged Equity & Income Fund by 3.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 138,049 shares of the investment management company’s stock valued at $1,470,000 after purchasing an additional 4,356 shares during the period. Finally, 1607 Capital Partners LLC lifted its stake in John Hancock Hedged Equity & Income Fund by 6.1% in the fourth quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 7,442 shares during the last quarter.

John Hancock Hedged Equity & Income Fund Company Profile

(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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