John Hancock Hedged Equity and Income (NYSE:HEQ) Shares Pass Below 50 Day Moving Average of $13.84

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Shares of John Hancock Hedged Equity and Income (NYSE:HEQ) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.84 and traded as low as $14.02. John Hancock Hedged Equity and Income shares last traded at $14.03, with a volume of 336 shares changing hands.

The firm’s fifty day moving average price is $13.85.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a $0.376 dividend. The ex-dividend date was Wednesday, June 12th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.70%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Bank acquired a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at about $32,000. Suntrust Banks Inc. acquired a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at about $164,000. Raymond James Financial Services Advisors Inc. grew its stake in John Hancock Hedged Equity and Income by 6.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,897 shares of the investment management company’s stock valued at $299,000 after buying an additional 1,427 shares during the last quarter. RMB Capital Management LLC acquired a new position in John Hancock Hedged Equity and Income in the 4th quarter valued at about $389,000. Finally, Ellis Investment Partners LLC acquired a new position in John Hancock Hedged Equity and Income in the 1st quarter valued at about $31,000.

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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