John Hancock Financial Opportunities Fund (NYSE:BTO) Sees Unusually-High Trading Volume

John Hancock Financial Opportunities Fund (NYSE:BTO – Get Rating) shares saw an uptick in trading volume on Friday . 63,211 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 55,734 shares.The stock last traded at $28.96 and had previously closed at $29.01.

John Hancock Financial Opportunities Fund Stock Down 2.8 %

The company’s 50 day moving average price is $35.06 and its 200 day moving average price is $34.39.

John Hancock Financial Opportunities Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 13th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 10th. This represents a $2.60 annualized dividend and a dividend yield of 9.22%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of John Hancock Financial Opportunities Fund by 85.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,195 shares of the financial services provider’s stock valued at $40,000 after buying an additional 550 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of John Hancock Financial Opportunities Fund by 93.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,295 shares of the financial services provider’s stock valued at $52,000 after buying an additional 625 shares during the last quarter. Heritage Wealth Management LLC bought a new position in shares of John Hancock Financial Opportunities Fund in the second quarter valued at about $56,000. Captrust Financial Advisors bought a new stake in John Hancock Financial Opportunities Fund during the 2nd quarter worth about $93,000. Finally, Rockefeller Capital Management L.P. raised its holdings in John Hancock Financial Opportunities Fund by 2,288.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 3,392 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 3,250 shares during the last quarter. 19.53% of the stock is owned by institutional investors.

About John Hancock Financial Opportunities Fund

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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.