John Hancock Financial Opportunities Fund (NYSE:BTO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $32.15 and traded as high as $32.74. John Hancock Financial Opportunities Fund shares last traded at $32.73, with a volume of 25,219 shares.
John Hancock Financial Opportunities Fund Trading Up 1.3 %
The business's fifty day moving average price is $32.19 and its 200 day moving average price is $29.85.
John Hancock Financial Opportunities Fund Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.65 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 7.85%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BTO. International Assets Investment Management LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund in the second quarter valued at $51,000. EverSource Wealth Advisors LLC purchased a new stake in John Hancock Financial Opportunities Fund in the 2nd quarter valued at about $70,000. Abel Hall LLC acquired a new position in shares of John Hancock Financial Opportunities Fund during the 4th quarter valued at about $241,000. J.W. Cole Advisors Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 17.5% during the 1st quarter. J.W. Cole Advisors Inc. now owns 8,703 shares of the financial services provider's stock worth $257,000 after acquiring an additional 1,295 shares during the period. Finally, Wedbush Securities Inc. lifted its holdings in shares of 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 acquiring an additional 700 shares during the period. 19.55% of the stock is currently 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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