John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

John Hancock Hedged Equity & Income Fund (NYSE:HEQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.10 and traded as high as $11.74. John Hancock Hedged Equity & Income Fund shares last traded at $11.70, with a volume of 28,511 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The company has a 50 day simple moving average of $11.26 and a 200 day simple moving average of $11.10.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 12th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 12th. This represents a $1.00 annualized dividend and a yield of 8.5%.

Hedge Funds Weigh In On John Hancock Hedged Equity & Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEQ. Fifth Third Bancorp acquired a new position in John Hancock Hedged Equity & Income Fund during the 1st quarter worth approximately $47,000. PNC Financial Services Group Inc. acquired a new position in John Hancock Hedged Equity & Income Fund during the 1st quarter worth approximately $109,000. XTX Topco Ltd acquired a new position in John Hancock Hedged Equity & Income Fund during the 4th quarter worth approximately $144,000. B. Riley Wealth Advisors Inc. acquired a new position in John Hancock Hedged Equity & Income Fund during the 2nd quarter worth approximately $168,000. Finally, &PARTNERS acquired a new position in John Hancock Hedged Equity & Income Fund during the 4th quarter worth approximately $174,000.

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.