John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $36.17 and traded as high as $36.76. John Hancock Financial Opportunities Fund shares last traded at $36.75, with a volume of 26,070 shares.
John Hancock Financial Opportunities Fund Trading Up 1.0%
The company's 50 day simple moving average is $36.18 and its 200-day simple moving average is $34.29.
John Hancock Financial Opportunities Fund Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, September 12th.
Institutional Investors Weigh In On John Hancock Financial Opportunities Fund
Several hedge funds have recently modified their holdings of the stock. Stephens Inc. AR boosted its position in shares of John Hancock Financial Opportunities Fund by 3.2% in the second quarter. Stephens Inc. AR now owns 12,889 shares of the financial services provider's stock worth $457,000 after acquiring an additional 400 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of John Hancock Financial Opportunities Fund by 4.8% in the second quarter. J.W. Cole Advisors Inc. now owns 10,674 shares of the financial services provider's stock worth $378,000 after acquiring an additional 491 shares during the last quarter. Private Trust Co. NA boosted its position in shares of John Hancock Financial Opportunities Fund by 33.3% in the first 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 during the last quarter. L.M. Kohn & Company boosted its position in shares of 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 acquiring an additional 550 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of John Hancock Financial Opportunities Fund by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 22,951 shares of the financial services provider's stock worth $813,000 after acquiring an additional 552 shares during the last quarter. 19.55% of the stock is owned by institutional investors and hedge funds.
John Hancock Financial Opportunities Fund Company Profile
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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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