John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $35.46 and last traded at $35.46, with a volume of 273 shares traded. The stock had previously closed at $34.15.
John Hancock Financial Opportunities Fund Price Performance
The firm has a 50 day simple moving average of $33.04 and a 200-day simple moving average of $30.38.
John Hancock Financial Opportunities Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 7.62%. The ex-dividend date was Friday, September 13th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
Several institutional investors and hedge funds have recently modified their holdings of BTO. Aurora Investment Counsel increased its stake 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 purchasing an additional 429 shares during the period. Wedbush Securities Inc. increased its position in John Hancock Financial Opportunities Fund by 8.7% during the 2nd 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 period. Oppenheimer & Co. Inc. increased its position in John Hancock Financial Opportunities Fund by 3.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 26,337 shares of the financial services provider's stock worth $779,000 after buying an additional 831 shares during the period. US Bancorp DE acquired a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth $30,000. Finally, Private Advisor Group LLC boosted its position 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 valued at $464,000 after acquiring an additional 1,015 shares during the period. 19.55% of the stock is currently owned by institutional investors and hedge funds.
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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