John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Passes Above 50 Day Moving Average – Here’s What Happened

John Hancock Financial Opportunities Fund (NYSE:BTO)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $36.73 and traded as high as $37.34. John Hancock Financial Opportunities Fund shares last traded at $37.28, with a volume of 61,789 shares traded.

John Hancock Financial Opportunities Fund Trading Down 0.6 %

The business’s 50-day simple moving average is $36.73 and its 200-day simple moving average is $34.57.

John Hancock Financial Opportunities Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 12th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, December 12th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.98%.

Institutional Trading of John Hancock Financial Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of John Hancock Financial Opportunities Fund by 7.5% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 34,570 shares of the financial services provider’s stock worth $1,146,000 after purchasing an additional 2,407 shares during the last quarter. Private Advisor Group LLC lifted its position in John Hancock Financial Opportunities Fund by 7.8% during the third quarter. Private Advisor Group LLC now owns 13,978 shares of the financial services provider’s stock worth $464,000 after buying an additional 1,015 shares during the period. International Assets Investment Management LLC boosted its stake in John Hancock Financial Opportunities Fund by 3,216.0% in the 3rd quarter. International Assets Investment Management LLC now owns 60,517 shares of the financial services provider’s stock worth $1,825,000 after buying an additional 58,692 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in John Hancock Financial Opportunities Fund in the 3rd quarter valued at about $210,000. Finally, US Bancorp DE acquired a new position in shares of John Hancock Financial Opportunities Fund during the 3rd quarter valued at about $30,000. 19.55% of the stock is owned by hedge funds and other 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.