Noni L. Ellison, a trustee of the John Hancock Hedged Equity & Income Fund (NYSE:HEQ), recently purchased a significant number of shares in the fund. According to a recent SEC filing, Ellison acquired 1,070 common shares of beneficial ownership on December 23, 2024, at a price of $10.54 per share. This transaction amounts to a total purchase value of approximately $11,277. Following this acquisition, Ellison now holds a total of 2,252 shares in the fund. The purchase reflects Ellison's continued investment in the fund, which is part of a broader portfolio of closed-end funds managed by John Hancock. According to InvestingPro, HEQ maintains an impressive 9.6% dividend yield and has sustained dividend payments for 14 consecutive years. For more detailed analysis and additional ProTips about HEQ's performance and outlook, subscribers can access exclusive insights on InvestingPro.
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