John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.92 and traded as high as $11.35. John Hancock Hedged Equity & Income Fund shares last traded at $11.32, with a volume of 16,287 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Up 1.7%

The business has a fifty day moving average of $11.13 and a 200 day moving average of $10.93.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Thursday, March 12th.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEQ. Bulldog Investors LLP bought a new stake in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $4,104,000. Sax Wealth Advisors LLC bought a new stake in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $365,000. Kovack Advisors Inc. increased its holdings in John Hancock Hedged Equity & Income Fund by 130.9% in the fourth quarter. Kovack Advisors Inc. now owns 53,236 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 30,176 shares during the last quarter. Bank of America Corp DE increased its holdings in John Hancock Hedged Equity & Income Fund by 11.7% in the second quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock valued at $3,050,000 after purchasing an additional 30,102 shares during the last quarter. Finally, Saba Capital Management L.P. increased 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 valued at $3,024,000 after purchasing an additional 27,958 shares during 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.