Invesco Ltd. Boosts Stock Holdings in John Hancock Hedged Equity and Income (NYSE:HEQ)

Invesco Ltd. raised its holdings in shares of John Hancock Hedged Equity and Income (NYSE:HEQ) by 3.4% during the second quarter, HoldingsChannel reports. The firm owned 223,931 shares of the investment management company’s stock after purchasing an additional 7,441 shares during the period. Invesco Ltd.’s holdings in John Hancock Hedged Equity and Income were worth $3,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shaker Financial Services LLC purchased a new position in shares of John Hancock Hedged Equity and Income in the 2nd quarter worth approximately $1,924,000. Cetera Advisor Networks LLC purchased a new position in shares of John Hancock Hedged Equity and Income in the 2nd quarter worth approximately $210,000. Atria Investments LLC purchased a new position in shares of John Hancock Hedged Equity and Income in the 2nd quarter worth approximately $268,000. Envestnet Asset Management Inc. grew its position in shares of John Hancock Hedged Equity and Income by 17.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,982 shares of the investment management company’s stock worth $521,000 after buying an additional 5,450 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of John Hancock Hedged Equity and Income by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 109,156 shares of the investment management company’s stock worth $1,539,000 after buying an additional 2,125 shares during the last quarter.

Shares of John Hancock Hedged Equity and Income stock opened at $13.82 on Tuesday. The firm’s 50 day moving average price is $13.77 and its 200-day moving average price is $14.06. John Hancock Hedged Equity and Income has a 52-week low of $11.82 and a 52-week high of $15.19.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.376 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.88%. The ex-dividend date was Thursday, September 12th.

John Hancock Hedged Equity and Income Profile

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.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for John Hancock Hedged Equity and Income (NYSE:HEQ)

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