John Hancock Hedged Equity and Income (NYSE:HEQ) Stock Crosses Above 200 Day Moving Average of $14.13

John Hancock Hedged Equity and Income (NYSE:HEQ)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.13 and traded as high as $15.00. John Hancock Hedged Equity and Income shares last traded at $15.00, with a volume of 1,436 shares trading hands.

The company has a 50-day moving average price of $14.67 and a 200-day moving average price of $14.13.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were paid a $0.376 dividend. This represents a $1.50 annualized dividend and a dividend yield of 9.99%. The ex-dividend date was Wednesday, December 11th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC bought a new stake in shares of John Hancock Hedged Equity and Income in the second quarter valued at about $268,000. Cetera Advisor Networks LLC lifted its stake in shares of John Hancock Hedged Equity and Income by 36.4% in the third quarter. Cetera Advisor Networks LLC now owns 20,600 shares of the investment management company’s stock valued at $285,000 after buying an additional 5,500 shares during the period. Royal Bank of Canada lifted its stake in shares of John Hancock Hedged Equity and Income by 3.2% in the second quarter. Royal Bank of Canada now owns 31,687 shares of the investment management company’s stock valued at $447,000 after buying an additional 977 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of John Hancock Hedged Equity and Income by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 37,701 shares of the investment management company’s stock valued at $522,000 after buying an additional 719 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of John Hancock Hedged Equity and Income by 12.6% in the third quarter. Commonwealth Equity Services LLC now owns 59,308 shares of the investment management company’s stock valued at $820,000 after buying an additional 6,638 shares during the period.

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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