John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Price Crosses Above Fifty Day Moving Average of $28.10

John Hancock Financial Opportunities Fund (NYSE:BTO) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.10 and traded as high as $28.75. John Hancock Financial Opportunities Fund shares last traded at $28.66, with a volume of 26,219 shares traded.

John Hancock Financial Opportunities Fund Stock Up 0.3 %

The business’s fifty day moving average is $28.10 and its 200 day moving average is $28.39.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.65 dividend. The ex-dividend date was Friday, March 8th. This represents a $2.60 annualized dividend and a dividend yield of 9.07%.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Several large investors have recently modified their holdings of BTO. International Assets Investment Management LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund during the fourth quarter valued at $2,375,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund in the first quarter worth about $1,316,000. Wolverine Asset Management LLC purchased a new position in shares of John Hancock Financial Opportunities Fund in the fourth quarter worth approximately $1,233,000. Gilliland Jeter Wealth Management LLC acquired a new position in John Hancock Financial Opportunities Fund in the 4th quarter worth approximately $1,092,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of John Hancock Financial Opportunities Fund by 7.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 420,783 shares of the financial services provider’s stock worth $12,657,000 after buying an additional 30,636 shares during the period. 19.55% of the stock is owned by institutional investors.

John Hancock Financial Opportunities Fund Company Profile

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.