John Hancock Hedged Equity and Income (NYSE:HEQ)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.13 and traded as high as $15.00. John Hancock Hedged Equity and Income shares last traded at $15.00, with a volume of 1,436 shares changing hands.

The business’s fifty day moving average is $14.67 and its two-hundred day moving average is $14.13.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were issued a $0.376 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date was Wednesday, December 11th.

Several institutional investors have recently modified their holdings of HEQ. Shaker Financial Services LLC increased its holdings in shares of John Hancock Hedged Equity and Income by 34.0% in the third quarter. Shaker Financial Services LLC now owns 182,818 shares of the investment management company’s stock valued at $2,530,000 after purchasing an additional 46,368 shares in the last quarter. Morgan Stanley increased its holdings in shares of John Hancock Hedged Equity and Income by 6.9% in the second quarter. Morgan Stanley now owns 453,639 shares of the investment management company’s stock valued at $6,396,000 after purchasing an additional 29,421 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of John Hancock Hedged Equity and Income in the second quarter valued at approximately $268,000. Invesco Ltd. increased its holdings in shares of John Hancock Hedged Equity and Income by 3.4% in the second quarter. Invesco Ltd. now owns 223,931 shares of the investment management company’s stock valued at $3,158,000 after purchasing an additional 7,441 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of John Hancock Hedged Equity and Income by 12.6% in the third quarter. Commonwealth Equity Services LLC now owns 59,308 shares of the investment management company’s stock valued at $820,000 after purchasing an additional 6,638 shares in the last quarter.

About John Hancock Hedged Equity and Income (NYSE:HEQ)

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.

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