John Hancock Hedged Equity & Income Fund (NYSE:HEQ – Get Free Report) shares surpassed their 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.26 and has traded as high as $10.49. John Hancock Hedged Equity & Income Fund shares last traded at $10.46 with volume of 21,340 shares.
John Hancock Hedged Equity & Income Fund shares rise 1.7%
The stock’s 50-day moving average is $10.38 and its 200-day moving average is $10.26.
John Hancock Hedged Equity & Income Fund announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.25, which represents a $1.00 annualized dividend and a yield of 9.56%. The ex-dividend date was Thursday, June 13th.
Institutional investors comment on the John Hancock Hedged Equity & Income Fund
A number of institutional investors have recently made changes to their positions in HEQ. Raymond James & Associates increased its holdings in shares of John Hancock Hedged Equity & Income Fund by 10.3% in the fourth quarter. Raymond James & Associates now owns 16,999 shares of the investment management company’s stock worth $171,000 after purchasing an additional 1,594 shares in the last quarter. Principal Securities Inc. bought a new position in John Hancock Hedged Equity & Income Fund in the fourth quarter valued at about $1,170,000. 1607 Capital Partners LLC increased its position in John Hancock Hedged Equity & Income Fund by 93.1% in the fourth quarter. 1607 Capital Partners LLC now owns 61,666 shares of the investment management company’s stock worth $620,000 after purchasing an additional 29,730 shares during the same period. Quantedge Capital Pte Ltd acquired a new position in John Hancock Hedged Equity & Income Fund during the fourth quarter valued at approximately $133,000. Finally, B. Riley Wealth Advisors Inc. increased its position in John Hancock Hedged Equity & Income Fund by 5.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 47,409 shares of the investment company’s stock valued at $476,000 after acquiring an additional 2,573 shares during the same period.
John Hancock Hedged Equity & Income Fund Company Profile
(Get free report)
John Hancock Hedged Equity & Income Fund is a closed-end equity fund established and managed by John Hancock Investment Management LLC. The fund is co-managed with Wellington Management Company LLP. It invests in the public equity markets of the United States. The fund seeks to invest in equity securities of companies operating in a variety of sectors.
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