John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.10 and traded as high as $11.74. John Hancock Hedged Equity & Income Fund shares last traded at $11.70, with a volume of 28,511 shares.

John Hancock Hedged Equity & Income Fund Trading Up 0.1%

The company has a 50 day moving average of $11.26 and a 200 day moving average of $11.10.

John Hancock Hedged Equity & Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, March 12th.

Institutional Trading of John Hancock Hedged Equity & Income Fund

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $109,000. Fifth Third Bancorp purchased a new stake in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $47,000. XTX Topco Ltd purchased a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $144,000. &PARTNERS purchased a new stake in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at about $174,000. Finally, Verition Fund Management LLC lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 37.7% in the 4th quarter. Verition Fund Management LLC now owns 36,559 shares of the investment management company’s stock valued at $393,000 after purchasing an additional 10,000 shares during the last quarter.

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.