John Hancock Hedged Equity and Income (NYSE:HEQ) Stock Crosses Below 50 Day Moving Average of $13.87

John Hancock Hedged Equity and Income (NYSE:HEQ)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.87 and traded as low as $13.94. John Hancock Hedged Equity and Income shares last traded at $13.94, with a volume of 1 shares changing hands.

The stock’s fifty day simple moving average is $13.87.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.376 dividend. This represents a $1.50 annualized dividend and a yield of 10.80%. The ex-dividend date was Wednesday, June 12th.

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in John Hancock Hedged Equity and Income by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,897 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,427 shares during the last quarter. Pinnacle Bank bought a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at $32,000. Commonwealth Equity Services LLC grew its position in John Hancock Hedged Equity and Income by 32.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 50,108 shares of the investment management company’s stock valued at $655,000 after acquiring an additional 12,243 shares during the last quarter. Suntrust Banks Inc. bought a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at $164,000. Finally, RMB Capital Management LLC bought a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at $389,000.

About John Hancock Hedged Equity and Income (NYSE:HEQ)

John Hancock Hedged Equity & Income Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisors, LLC. The fund is co-managed by Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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