John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Shares Cross Above 200-Day Moving Average – Should You Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.34 and traded as high as $11.67. John Hancock Hedged Equity & Income Fund shares last traded at $11.67, with a volume of 14,507 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The company’s fifty day moving average is $11.48 and its 200-day moving average is $11.34.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Thursday, June 11th.

Institutional Investors 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 the business. &PARTNERS acquired a new position in shares of John Hancock Hedged Equity & Income Fund in the 4th quarter valued at $174,000. Verition Fund Management LLC lifted its position in John Hancock Hedged Equity & Income Fund by 37.7% during the 4th quarter. Verition Fund Management LLC now owns 36,559 shares of the investment management company’s stock worth $393,000 after acquiring an additional 10,000 shares during the period. Kestra Advisory Services LLC lifted 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 acquiring an additional 2,275 shares during the period. LPL Financial LLC grew its stake in John Hancock Hedged Equity & Income Fund by 34.5% during the 4th quarter. LPL Financial LLC now owns 43,983 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 11,284 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in John Hancock Hedged Equity & Income Fund during the 2nd quarter valued at about $168,000.

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.