Shares of John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $34.94 and traded as high as $36.00. John Hancock Financial Opportunities Fund shares last traded at $35.14, with a volume of 25,139 shares.
John Hancock Financial Opportunities Fund Stock Up 0.1%
The company has a 50 day simple moving average of $34.98 and a two-hundred day simple moving average of $34.36.
John Hancock Financial Opportunities Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 7.5%. The ex-dividend date was Thursday, June 12th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new position in John Hancock Financial Opportunities Fund in the 2nd quarter worth approximately $35,000. Blue Trust Inc. bought a new position in John Hancock Financial Opportunities Fund in the 2nd quarter worth approximately $35,000. Thompson Investment Management Inc. raised its holdings in shares of John Hancock Financial Opportunities Fund by 149.0% during the 2nd quarter. Thompson Investment Management Inc. now owns 1,616 shares of the financial services provider's stock worth $57,000 after acquiring an additional 967 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of John Hancock Financial Opportunities Fund by 33.3% during the 1st quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider's stock worth $68,000 after acquiring an additional 500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund during the 2nd quarter worth approximately $201,000. 19.55% of the stock is currently owned by institutional investors.
About John Hancock Financial Opportunities Fund
(
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John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. The fund invests in the public equity markets across the globe. It seeks to invest in the stocks of companies operating across the financial services sector.
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