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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $11.37 and traded as high as $11.43. John Hancock Hedged Equity & Income Fund shares last traded at $11.4090, with a volume of 18,188 shares.

John Hancock Hedged Equity & Income Fund Stock Up 0.8%

The company has a fifty day moving average of $11.33 and a 200-day moving average of $11.38.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Friday, September 11th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP lifted its holdings in John Hancock Hedged Equity & Income Fund by 46.2% in the first quarter. Bulldog Investors LLP now owns 558,291 shares of the investment management company’s stock valued at $6,063,000 after acquiring an additional 176,527 shares during the last quarter. Bank of America Corp DE increased its position in shares of 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. Advisory Solutions Group LLC acquired a new stake in John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at about $119,000. PNC Financial Services Group Inc. purchased a new position in John Hancock Hedged Equity & Income Fund in the first quarter worth approximately $109,000. Finally, Fifth Third Bancorp acquired a new position in shares of John Hancock Hedged Equity & Income Fund during the first quarter worth $47,000.

John Hancock Hedged Equity & Income Fund Company Profile

John Hancock Hedged Equity & Income Fund (NYSE: HEQ) is a closed-end investment fund managed by John Hancock Investment Management. The fund seeks to provide a high level of current income while also pursuing long-term capital appreciation. To pursue its objectives, the fund invests in a diversified portfolio of equity securities and income-producing investments, including corporate and government debt, convertible securities and other fixed-income instruments. Its strategy may also use options and other hedging techniques to manage risk and generate income, although these approaches can limit some potential gains and introduce additional investment risks.