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

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.25 and traded as high as $11.49. John Hancock Hedged Equity & Income Fund shares last traded at $11.4070, with a volume of 42,657 shares traded.

John Hancock Hedged Equity & Income Fund Stock Performance

The firm’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $11.25.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Thursday, June 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its position in John Hancock Hedged Equity & Income Fund by 5.4% during the 4th quarter. Kestra Advisory Services LLC now owns 44,387 shares of the investment management company’s stock worth $477,000 after purchasing an additional 2,275 shares during the period. Fifth Third Bancorp acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the 1st quarter valued at about $47,000. 1607 Capital Partners LLC lifted its holdings in shares of John Hancock Hedged Equity & Income Fund by 6.1% in the 4th quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after buying an additional 7,442 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of John Hancock Hedged Equity & Income Fund by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 65,693 shares of the investment management company’s stock worth $700,000 after buying an additional 8,287 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of 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 worth $449,000 after buying an additional 8,558 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.