John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

John Hancock Hedged Equity & Income Fund (NYSE:HEQGet Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.22 and traded as high as $11.57. John Hancock Hedged Equity & Income Fund shares last traded at $11.4030, with a volume of 18,113 shares trading hands.

John Hancock Hedged Equity & Income Fund Price Performance

The business’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $11.22.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Thursday, June 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HEQ. Fifth Third Bancorp acquired a new position in John Hancock Hedged Equity & Income Fund in the 1st quarter worth about $47,000. PNC Financial Services Group Inc. acquired a new stake in shares of John Hancock Hedged Equity & Income Fund during the 1st quarter valued at about $109,000. XTX Topco Ltd bought a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at approximately $144,000. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the second quarter valued at approximately $168,000. Finally, &PARTNERS bought a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter valued at approximately $174,000.

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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