John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.29 and traded as high as $37.11. John Hancock Financial Opportunities Fund shares last traded at $37.10, with a volume of 40,189 shares trading hands.
John Hancock Financial Opportunities Fund Stock Performance
The business has a 50 day simple moving average of $33.36 and a 200 day simple moving average of $30.77.
John Hancock Financial Opportunities Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 7.01%.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
Several large investors have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new position in John Hancock Financial Opportunities Fund during the 3rd quarter worth $30,000. International Assets Investment Management LLC acquired a new position in John Hancock Financial Opportunities Fund during the 2nd quarter valued at about $51,000. EverSource Wealth Advisors LLC acquired a new stake in John Hancock Financial Opportunities Fund in the second quarter worth approximately $70,000. Wealth Enhancement Advisory Services LLC bought a new stake in John Hancock Financial Opportunities Fund in the third quarter worth about $210,000. Finally, Wedbush Securities Inc. grew its position in John Hancock Financial Opportunities Fund by 8.7% in the second quarter. Wedbush Securities Inc. now owns 8,738 shares of the financial services provider's stock worth $245,000 after buying an additional 700 shares during the last quarter. 19.55% of the stock is currently 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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