John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $32.42 and traded as high as $32.56. John Hancock Financial Opportunities Fund shares last traded at $32.10, with a volume of 33,098 shares trading hands.
John Hancock Financial Opportunities Fund Stock Performance
The company's 50 day moving average is $32.29 and its 200 day moving average is $35.09.
John Hancock Financial Opportunities Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 7.92%. The ex-dividend date was Thursday, March 13th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA lifted its stake in John Hancock Financial Opportunities Fund by 33.3% during the first quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider's stock worth $68,000 after purchasing an additional 500 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of John Hancock Financial Opportunities Fund during the fourth quarter valued at about $212,000. L.M. Kohn & Company lifted its position in John Hancock Financial Opportunities Fund by 4.5% in the first quarter. L.M. Kohn & Company now owns 12,857 shares of the financial services provider's stock worth $439,000 after buying an additional 550 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of John Hancock Financial Opportunities Fund by 10.5% in the fourth quarter. Private Advisor Group LLC now owns 15,445 shares of the financial services provider's stock valued at $551,000 after purchasing an additional 1,467 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of John Hancock Financial Opportunities Fund by 7.8% during the 4th quarter. HighTower Advisors LLC now owns 16,636 shares of the financial services provider's stock worth $594,000 after acquiring an additional 1,198 shares in the last quarter. 19.55% of the stock is owned by institutional investors and hedge funds.
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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