Shares of John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $36.71 and traded as low as $35.15. John Hancock Financial Opportunities Fund shares last traded at $35.69, with a volume of 58,414 shares.
John Hancock Financial Opportunities Fund Price Performance
The company has a 50-day simple moving average of $36.74 and a 200-day simple moving average of $33.26.
John Hancock Financial Opportunities Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Thursday, December 12th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
Several hedge funds have recently bought and sold shares of BTO. Cornerstone Advisors LLC boosted its holdings in shares of John Hancock Financial Opportunities Fund by 132.9% in the 3rd quarter. Cornerstone Advisors LLC now owns 226,737 shares of the financial services provider's stock valued at $7,519,000 after purchasing an additional 129,371 shares during the last quarter. Aurora Investment Counsel lifted its stake in shares of John Hancock Financial Opportunities Fund by 0.5% in the second quarter. Aurora Investment Counsel now owns 89,279 shares of the financial services provider's stock worth $2,501,000 after acquiring an additional 429 shares in the last quarter. International Assets Investment Management LLC grew its stake in John Hancock Financial Opportunities Fund by 3,216.0% during the 3rd quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider's stock valued at $1,825,000 after purchasing an additional 58,692 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of John Hancock Financial Opportunities Fund by 46.1% in the 3rd quarter. Shaker Financial Services LLC now owns 59,654 shares of the financial services provider's stock valued at $1,978,000 after purchasing an additional 18,814 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of John Hancock Financial Opportunities Fund by 288.4% during the 3rd quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider's stock valued at $1,484,000 after buying an additional 33,233 shares during the last quarter. 19.55% of the stock is owned by hedge funds and other institutional investors.
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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