John Hancock Hedged Equity & Income Fund (NYSE:HEQ) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of John Hancock Hedged Equity & Income Fund (NYSE:HEQ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.81 and traded as high as $11.49. John Hancock Hedged Equity & Income Fund shares last traded at $11.4160, with a volume of 28,907 shares changing hands.

John Hancock Hedged Equity & Income Fund Stock Performance

The company’s 50 day moving average price is $11.00 and its two-hundred day moving average price is $10.81.

John Hancock Hedged Equity & Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Thursday, December 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in John Hancock Hedged Equity & Income Fund by 28.9% in the 4th quarter. Invesco Ltd. now owns 119,455 shares of the investment management company’s stock worth $1,284,000 after acquiring an additional 26,747 shares in the last quarter. XTX Topco Ltd bought a new position in shares of John Hancock Hedged Equity & Income Fund in the fourth quarter worth approximately $144,000. Saba Capital Management L.P. increased its stake in shares of John Hancock Hedged Equity & Income Fund by 11.0% in the fourth quarter. Saba Capital Management L.P. now owns 281,328 shares of the investment management company’s stock worth $3,024,000 after purchasing an additional 27,958 shares in the last quarter. 1607 Capital Partners LLC raised its position in shares of John Hancock Hedged Equity & Income Fund by 6.1% during the 4th quarter. 1607 Capital Partners LLC now owns 129,782 shares of the investment management company’s stock valued at $1,395,000 after purchasing an additional 7,442 shares during the period. Finally, Kovack Advisors Inc. raised its position in shares of John Hancock Hedged Equity & Income Fund by 130.9% during the 4th quarter. Kovack Advisors Inc. now owns 53,236 shares of the investment management company’s stock valued at $572,000 after purchasing an additional 30,176 shares during the period.

John Hancock Hedged Equity & Income Fund Company Profile

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.