John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above 200-Day Moving Average – What’s Next?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.73 and traded as high as $11.09. John Hancock Hedged Equity & Income Fund shares last traded at $11.0550, with a volume of 49,914 shares trading hands.

John Hancock Hedged Equity & Income Fund Trading Down 0.3%

The firm has a fifty day moving average price of $10.87 and a 200 day moving average price of $10.73.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 9.0%.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of John Hancock Hedged Equity & Income Fund by 24.7% during the 1st quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock valued at $449,000 after buying an additional 8,558 shares during the period. Envestnet Asset Management Inc. raised its position in John Hancock Hedged Equity & Income Fund by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 133,693 shares of the investment management company’s stock valued at $1,414,000 after purchasing an additional 3,171 shares during the period. Kovack Advisors Inc. raised its position in John Hancock Hedged Equity & Income Fund by 11.2% in the second quarter. Kovack Advisors Inc. now owns 18,895 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 1,908 shares during the period. Invesco Ltd. lifted its stake in shares of John Hancock Hedged Equity & Income Fund by 42.0% in the 2nd quarter. Invesco Ltd. now owns 82,618 shares of the investment management company’s stock valued at $874,000 after purchasing an additional 24,431 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of John Hancock Hedged Equity & Income Fund by 11.7% during the 2nd quarter. Bank of America Corp DE now owns 288,281 shares of the investment management company’s stock worth $3,050,000 after purchasing an additional 30,102 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.