John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Cross Above Fifty Day Moving Average of $25.62

Shares of John Hancock Financial Opportunities Fund (NYSE:BTO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.62 and traded as high as $27.59. John Hancock Financial Opportunities Fund shares last traded at $27.46, with a volume of 42,647 shares trading hands.

John Hancock Financial Opportunities Fund Stock Up 0.6 %

The stock’s fifty day simple moving average is $25.62 and its 200 day simple moving average is $26.75.

John Hancock Financial Opportunities Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 11th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.47%. This is an increase from John Hancock Financial Opportunities Fund’s previous quarterly dividend of $0.37.

Institutional Trading of John Hancock Financial Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in BTO. Advisor Group Holdings Inc. increased its holdings in shares of John Hancock Financial Opportunities Fund by 9.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,013 shares of the financial services provider’s stock worth $241,000 after buying an additional 507 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of John Hancock Financial Opportunities Fund by 62.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,517 shares of the financial services provider’s stock worth $664,000 after buying an additional 6,330 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 1st quarter worth approximately $260,000. Mariner LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 1st quarter worth approximately $420,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of John Hancock Financial Opportunities Fund during the 1st quarter worth approximately $626,000. Institutional investors and hedge funds own 17.72% of the company’s stock.

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.