John Hancock Financial Opportunities Fund (NYSE:BTO) Share Price Crosses Above 50-Day Moving Average of $36.55

John Hancock Financial Opportunities Fund (NYSE:BTOGet Rating) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $36.55 and traded as high as $38.97. John Hancock Financial Opportunities Fund shares last traded at $37.96, with a volume of 36,082 shares.

John Hancock Financial Opportunities Fund Price Performance

The firm’s 50 day moving average price is $36.55 and its 200-day moving average price is $39.44.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

Several institutional investors have recently bought and sold shares of BTO. Steward Partners Investment Advisory LLC lifted its holdings in John Hancock Financial Opportunities Fund by 14.6% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 70,998 shares of the financial services provider’s stock worth $2,636,000 after buying an additional 9,044 shares in the last quarter. Lincoln National Corp lifted its stake in shares of John Hancock Financial Opportunities Fund by 40.6% in the 2nd quarter. Lincoln National Corp now owns 25,952 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 7,490 shares during the period. Csenge Advisory Group grew its stake in shares of John Hancock Financial Opportunities Fund by 5.0% during the second quarter. Csenge Advisory Group now owns 27,416 shares of the financial services provider’s stock worth $1,018,000 after purchasing an additional 1,313 shares during the period. Venture Visionary Partners LLC acquired a new position in John Hancock Financial Opportunities Fund in the second quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. boosted its holdings in John Hancock Financial Opportunities Fund by 23.2% during the second quarter. Geneos Wealth Management Inc. now owns 1,595 shares of the financial services provider’s stock worth $59,000 after buying an additional 300 shares during the last quarter. Institutional investors own 18.10% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

(Get Rating)

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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