John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

John Hancock Hedged Equity & Income Fund Trading Down 0.8%

The company has a fifty day moving average price of $11.53 and a two-hundred day moving average price of $11.20.

John Hancock Hedged Equity & Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend is Thursday, June 11th.

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

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