John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above 200-Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.31 and traded as high as $11.54. John Hancock Hedged Equity & Income Fund shares last traded at $11.42, with a volume of 32,887 shares.

John Hancock Hedged Equity & Income Fund Price Performance

The stock has a 50-day moving average price of $11.51 and a 200 day moving average price of $11.31.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.25 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.00 annualized dividend and a dividend yield of 8.8%.

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

Several large investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in shares of John Hancock Hedged Equity & Income Fund in the first quarter worth approximately $47,000. PNC Financial Services Group Inc. purchased a new position in shares of John Hancock Hedged Equity & Income Fund in the first quarter worth about $109,000. XTX Topco Ltd purchased a new stake in John Hancock Hedged Equity & Income Fund during the 4th quarter valued at about $144,000. B. Riley Wealth Advisors Inc. acquired a new stake in John Hancock Hedged Equity & Income Fund in the 2nd quarter valued at about $168,000. Finally, &PARTNERS acquired a new position in shares of John Hancock Hedged Equity & Income Fund during the 4th quarter worth approximately $174,000.

John Hancock Hedged Equity & Income Fund Company Profile

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.