John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $33.66 and last traded at $33.66, with a volume of 106 shares trading hands. The stock had previously closed at $33.58.
John Hancock Financial Opportunities Fund Trading Up 1.8 %
The firm's fifty day moving average is $32.35 and its 200-day moving average is $29.93.
John Hancock Financial Opportunities Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date was Friday, September 13th.
Institutional Trading of John Hancock Financial Opportunities Fund
A number of institutional investors have recently modified their holdings of BTO. Cornerstone Advisors LLC purchased a new stake in John Hancock Financial Opportunities Fund during the second quarter worth about $2,727,000. Wolverine Asset Management LLC grew its holdings in shares of John Hancock Financial Opportunities Fund by 400.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 39,148 shares of the financial services provider's stock worth $1,097,000 after acquiring an additional 31,319 shares during the period. Shaker Financial Services LLC boosted its position in John Hancock Financial Opportunities Fund by 92.5% during the second quarter. Shaker Financial Services LLC now owns 40,840 shares of the financial services provider's stock worth $1,144,000 after purchasing an additional 19,629 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in John Hancock Financial Opportunities Fund by 27.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 18,749 shares of the financial services provider's stock valued at $555,000 after acquiring an additional 4,079 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 21.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 16,645 shares of the financial services provider's stock valued at $492,000 after purchasing an additional 2,967 shares in the last quarter. 19.55% of the stock is currently owned by hedge funds and other institutional investors.
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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