John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.03 and traded as high as $11.51. John Hancock Hedged Equity & Income Fund shares last traded at $11.4250, with a volume of 31,483 shares.

John Hancock Hedged Equity & Income Fund Stock Performance

The business has a 50-day moving average price of $11.15 and a two-hundred day moving average price of $11.03.

John Hancock Hedged Equity & Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Thursday, March 12th.

Institutional Investors Weigh In On John Hancock Hedged Equity & Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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. Bulldog Investors LLP increased its holdings in John Hancock Hedged Equity & Income Fund by 46.2% in the first quarter. Bulldog Investors LLP now owns 558,291 shares of the investment management company’s stock valued at $6,063,000 after purchasing an additional 176,527 shares during the last quarter. Fifth Third Bancorp bought a new stake in John Hancock Hedged Equity & Income Fund in the first quarter valued at about $47,000. Invesco Ltd. increased its holdings in John Hancock Hedged Equity & Income Fund by 28.9% in the fourth quarter. Invesco Ltd. now owns 119,455 shares of the investment management company’s stock valued at $1,284,000 after purchasing an additional 26,747 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $144,000.

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.