John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $36.84 and traded as high as $37.40. John Hancock Financial Opportunities Fund shares last traded at $36.94, with a volume of 32,742 shares changing hands.
John Hancock Financial Opportunities Fund Price Performance
The company's 50-day moving average price is $36.84 and its 200-day moving average price is $34.25.
John Hancock Financial Opportunities Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 12th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 7.04%. The ex-dividend date was Thursday, December 12th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund during the second quarter worth approximately $70,000. Aurora Investment Counsel grew its holdings in shares of John Hancock Financial Opportunities Fund by 0.5% during the second quarter. Aurora Investment Counsel now owns 89,279 shares of the financial services provider's stock worth $2,501,000 after buying an additional 429 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its position in shares of John Hancock Financial Opportunities Fund by 7.5% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 34,570 shares of the financial services provider's stock valued at $1,146,000 after buying an additional 2,407 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of John Hancock Financial Opportunities Fund by 7.8% in the third quarter. Private Advisor Group LLC now owns 13,978 shares of the financial services provider's stock worth $464,000 after buying an additional 1,015 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in John Hancock Financial Opportunities Fund by 3,216.0% during the third quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider's stock worth $1,825,000 after acquiring an additional 58,692 shares during the last quarter. Institutional investors and hedge funds 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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