Wells Fargo & Company MN lifted its position in shares of John Hancock Hedged Equity and Income (NYSE:HEQ) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,115 shares of the investment management company’s stock after buying an additional 3,235 shares during the quarter. Wells Fargo & Company MN owned about 2.27% of John Hancock Hedged Equity and Income worth $5,306,000 at the end of the most recent reporting period.
Shares of John Hancock Hedged Equity and Income (NYSE:HEQ) opened at 17.61 on Thursday. The stock’s 50 day moving average is $17.49 and its 200 day moving average is $17.21. John Hancock Hedged Equity and Income has a 52-week low of $15.18 and a 52-week high of $17.95.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Monday, September 11th were paid a $0.376 dividend. This represents a $1.50 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend was Friday, September 8th.
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John Hancock Hedged Equity and Income Company Profile
John Hancock Hedged Equity & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return with a focus on current income and gains, and also consisting of long-term capital appreciation. It will invest over 80% of its net assets in equity and equity-related securities, including common stock, preferred stock, depositary receipts (including American depositary receipts and global depositary receipts), index-related securities, options on equity securities and equity indexes, real estate investment structures, convertible securities, private placements, convertible preferred stock, rights, warrants, derivatives linked to equity securities or indexes and other equity equivalents.
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