John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $36.30 and traded as high as $36.45. John Hancock Financial Opportunities Fund shares last traded at $35.98, with a volume of 30,161 shares changing hands.
John Hancock Financial Opportunities Fund Trading Up 1.7 %
The company has a fifty day moving average of $36.32 and a two-hundred day moving average of $35.21.
John Hancock Financial Opportunities Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend was Thursday, December 12th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in John Hancock Financial Opportunities Fund during the 4th quarter worth approximately $18,745,000. Cornerstone Advisors LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 132.9% in the third quarter. Cornerstone Advisors LLC now owns 226,737 shares of the financial services provider's stock worth $7,519,000 after purchasing an additional 129,371 shares during the last quarter. LPL Financial LLC increased its holdings in John Hancock Financial Opportunities Fund by 66.8% in the fourth quarter. LPL Financial LLC now owns 185,773 shares of the financial services provider's stock valued at $6,630,000 after purchasing an additional 74,403 shares during the period. International Assets Investment Management LLC raised its position 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 worth $1,825,000 after purchasing an additional 58,692 shares during the last quarter. Finally, Stephens Inc. AR raised its position in 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 worth $1,484,000 after purchasing an additional 33,233 shares during the last quarter. Institutional investors and hedge funds own 19.55% of the company's stock.
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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