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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.15 and traded as high as $11.77. John Hancock Hedged Equity & Income Fund shares last traded at $11.5410, with a volume of 36,859 shares.

John Hancock Hedged Equity & Income Fund Price Performance

The business’s 50 day moving average is $11.43 and its 200 day moving average is $11.15.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $1.00 dividend on an annualized basis and a yield of 8.7%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HEQ. Royal Bank of Canada boosted its stake in John Hancock Hedged Equity & Income Fund by 24.7% in the 1st quarter. Royal Bank of Canada now owns 43,140 shares of the investment management company’s stock worth $449,000 after purchasing an additional 8,558 shares during the period. Invesco Ltd. lifted its position in 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 worth $874,000 after buying an additional 24,431 shares in the last quarter. Bank of America Corp DE lifted its position in John Hancock Hedged Equity & Income Fund by 11.7% in 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 buying an additional 30,102 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in John Hancock Hedged Equity & Income Fund in the 2nd quarter worth approximately $168,000. Finally, Envestnet Asset Management Inc. lifted its position in John Hancock Hedged Equity & Income Fund by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 138,049 shares of the investment management company’s stock worth $1,470,000 after buying an additional 4,356 shares in 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.