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PRNewswire (Thu, 28-Mar 4:11 PM ET)
JOHN HANCOCK CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS
PRNewswire (Fri, 1-Mar 4:22 PM ET)
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
PRNewswire (Wed, 24-Jan 4:49 PM ET)
PRNewswire (Fri, 29-Dec 4:13 PM ET)
The fund's investment objective is to provide total return with a focus on current income and gains and also consisting of long-term capital appreciation. The fund seeks to provide investors with a portfolio that will generate attractive long-term total returns with downside equity market protection. Under normal market conditions, the fund’s portfolio management team invests at least 80% of the fund’s net assets (plus borrowing for investment purposes) in equity and equity-related securities. The team will also seek to generate income and provide a measure of downside protection by selling call options and equity futures. The fund can invest in fixed income securities, including high yield bonds, up to 20% of its total assets.
John Hancock Hedged Equity & Income Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol HEQ.
As of March 28, 2024, HEQ stock price climbed to $10.49 with 66,107 million shares trading.
HEQ has a beta of 0.81, meaning it tends to be less sensitive to market movements. HEQ has a correlation of 0.35 to the broad based SPY ETF.
HEQ has a market cap of $127.47 million. This is considered a Micro Cap stock.
In the last 3 years, HEQ stock traded as high as $14.30 and as low as $9.08.
HEQ has underperformed the market in the last year with a return of +3.6%, while the SPY ETF gained +33.6%. In the last 3 month period, HEQ fell short of the market, returning +7.2%, while SPY returned +10.1%. However, in the most recent 2 weeks HEQ has outperformed the stock market by returning +3.2%, while SPY returned +1.7%.
HEQ support price is $10.27 and resistance is $10.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEQ stock will trade within this expected range on the day.