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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.71 and traded as high as $10.96. John Hancock Hedged Equity & Income Fund shares last traded at $10.94, with a volume of 17,974 shares.

John Hancock Hedged Equity & Income Fund Stock Down 0.5%

The company has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.71.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Thursday, December 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $1.00 annualized dividend and a yield of 9.1%.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

Several institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in shares of John Hancock Hedged Equity & Income Fund during the 2nd quarter worth about $168,000. Kovack Advisors Inc. raised its stake in John Hancock Hedged Equity & Income Fund by 11.2% during the 2nd quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock worth $200,000 after buying an additional 1,908 shares during the period. Verition Fund Management LLC acquired a new position in John Hancock Hedged Equity & Income Fund during the 3rd quarter worth approximately $283,000. Sax Wealth Advisors LLC bought a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter worth approximately $365,000. Finally, Royal Bank of Canada grew its stake in John Hancock Hedged Equity & Income Fund by 24.7% in the first quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock valued at $449,000 after acquiring an additional 8,558 shares during the period.

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.