Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $11.42 and traded as low as $10.93. John Hancock Hedged Equity & Income Fund shares last traded at $11.02, with a volume of 32,425 shares trading hands.
John Hancock Hedged Equity & Income Fund Stock Down 0.4%
The stock’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.43.
John Hancock Hedged Equity & Income Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Friday, September 11th.
Institutional Trading of John Hancock Hedged Equity & Income Fund
John Hancock Hedged Equity & Income Fund Company Profile
John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end investment company managed by John Hancock Investment Management. The fund seeks to provide a high level of current income and long-term capital appreciation by investing in a diversified portfolio of equity and income-producing securities.
The fund uses hedging strategies in an effort to manage equity-market risk and may employ options and other derivative instruments as part of its investment approach. Its portfolio may include common stocks, preferred stocks, convertible securities, corporate bonds and other debt instruments, with allocations adjusted according to market conditions and the portfolio managers’ outlook.
HEQ is designed for investors seeking exposure to both equity and fixed-income markets through a professionally managed portfolio.
Further Reading
- Five stocks we like better than John Hancock Hedged Equity & Income Fund
- Skydance Just Became a Media Giant—With an $80 Billion Debt Load
- Could Velo3D Be the Next Defense Buyout Target?
- Penguin Solutions Is Soaring as AI Memory Demand Explodes
- Alphabet’s Chart Is Coiling—and the Fundamentals May Be Ready to Back It Up
Receive News & Ratings for John Hancock Hedged Equity & Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for John Hancock Hedged Equity & Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
