John Hancock Financial Opportunities Fund (NYSE:BTO) Reaches New 1-Year Low at $26.11

John Hancock Financial Opportunities Fund (NYSE:BTO – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $26.11 and last traded at $28.18, with a volume of 113132 shares. The stock had previously closed at $30.02.

John Hancock Financial Opportunities Fund Stock Performance

The firm’s fifty day moving average price is $35.51 and its 200-day moving average price is $34.57.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 13th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, March 10th. This represents a $2.60 annualized dividend and a dividend yield of 8.75%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Koshinski Asset Management Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund during the third quarter worth $1,314,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of John Hancock Financial Opportunities Fund by 85.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,195 shares of the financial services provider’s stock worth $40,000 after buying an additional 550 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of John Hancock Financial Opportunities Fund by 93.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,295 shares of the financial services provider’s stock worth $52,000 after buying an additional 625 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in John Hancock Financial Opportunities Fund in the second quarter valued at $56,000. Finally, Captrust Financial Advisors acquired a new stake in John Hancock Financial Opportunities Fund in the second quarter valued at $93,000. 19.53% 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-end diversified management investment fund. Its objective is to provide a high level of total return consisting of long-term capital appreciation and current income. The company was founded on August 23, 1994 and is headquartered in Boston, MA.