John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $32.42 and traded as high as $34.85. John Hancock Financial Opportunities Fund shares last traded at $34.51, with a volume of 22,270 shares.
John Hancock Financial Opportunities Fund Stock Up 1.7%
The firm's fifty day moving average price is $32.42 and its 200-day moving average price is $34.81.
John Hancock Financial Opportunities Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 7.53%. The ex-dividend date is Thursday, June 12th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BTO. Private Trust Co. NA grew its holdings 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 purchasing an additional 500 shares during the last quarter. Focus Partners Wealth bought a new stake in John Hancock Financial Opportunities Fund in the fourth quarter valued at $212,000. L.M. Kohn & Company boosted its holdings 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 valued at $439,000 after acquiring an additional 550 shares in the last quarter. AlphaCore Capital LLC bought a new stake in John Hancock Financial Opportunities Fund in the first quarter valued at $512,000. Finally, Private Advisor Group LLC boosted its holdings in 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 acquiring an additional 1,467 shares in the last quarter. Institutional investors own 19.55% of the company's stock.
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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