John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $36.33 and traded as high as $38.10. John Hancock Financial Opportunities Fund shares last traded at $37.7550, with a volume of 43,055 shares changing hands.
John Hancock Financial Opportunities Fund Price Performance
The stock has a 50 day moving average price of $36.33 and a 200-day moving average price of $35.53.
John Hancock Financial Opportunities Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.9%.
Institutional Trading of John Hancock Financial Opportunities Fund
Institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter worth approximately $36,000. Farther Finance Advisors LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund in the fourth quarter worth approximately $43,000. International Assets Investment Management LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund in the fourth quarter worth approximately $57,000. Centaurus Financial Inc. acquired a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter worth approximately $102,000. Finally, Creative Planning acquired a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter worth approximately $237,000. 19.55% of the stock is owned by institutional investors and hedge funds.
About John Hancock Financial Opportunities Fund
(
Get Free Report)
John Hancock Financial Opportunities Fund NYSE: BTO is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. Since its inception in August 2004, the fund has sought to deliver total return through a combination of current income and capital appreciation. As a publicly traded fund, it offers investors access to a diversified portfolio of financial services companies that might otherwise require direct equity investments or specialized mandates.
The fund primarily invests in common stocks, preferred stocks and convertible securities issued by companies in the banking, insurance, brokerage and specialty finance sectors.
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