John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200-Day Moving Average – Here’s What Happened

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.20 and traded as high as $11.53. John Hancock Hedged Equity & Income Fund shares last traded at $11.29, with a volume of 41,201 shares changing hands.

John Hancock Hedged Equity & Income Fund Price Performance

The firm has a 50-day simple moving average of $11.53 and a two-hundred day simple moving average of $11.20.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, June 11th. This represents a $1.00 dividend on an annualized basis and a yield of 8.9%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in shares of John Hancock Hedged Equity & Income Fund during the 1st quarter valued at $47,000. PNC Financial Services Group Inc. bought a new stake in John Hancock Hedged Equity & Income Fund in the first quarter worth $109,000. XTX Topco Ltd acquired a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter worth $144,000. B. Riley Wealth Advisors Inc. bought a new position in John Hancock Hedged Equity & Income Fund during the second quarter valued at about $168,000. Finally, &PARTNERS bought a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter valued at about $174,000.

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.