John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $36.32 and traded as high as $37.64. John Hancock Financial Opportunities Fund shares last traded at $36.90, with a volume of 50,778 shares traded.
John Hancock Financial Opportunities Fund Trading Down 1.9 %
The firm's 50-day moving average price is $36.32 and its two-hundred day moving average price is $32.58.
John Hancock Financial Opportunities Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend is Thursday, December 12th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
A number of hedge funds have recently modified their holdings of BTO. Shaker Financial Services LLC increased its position in shares of John Hancock Financial Opportunities Fund by 46.1% during the 3rd quarter. Shaker Financial Services LLC now owns 59,654 shares of the financial services provider's stock worth $1,978,000 after purchasing an additional 18,814 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of John Hancock Financial Opportunities Fund by 288.4% during the third quarter. Stephens Inc. AR now owns 44,757 shares of the financial services provider's stock worth $1,484,000 after buying an additional 33,233 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of John Hancock Financial Opportunities Fund by 7.8% during 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. International Assets Investment Management LLC raised its stake in shares of John Hancock Financial Opportunities Fund by 3,216.0% in the third quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider's stock valued at $1,825,000 after acquiring an additional 58,692 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC boosted its holdings in shares of John Hancock Financial Opportunities Fund by 7.5% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 34,570 shares of the financial services provider's stock worth $1,146,000 after acquiring an additional 2,407 shares in the last quarter. 19.55% of the stock is owned by institutional investors and hedge funds.
About John Hancock Financial Opportunities Fund
(
Get Free Report)
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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