John Hancock Financial Opportunities Fund (NYSE:BTO) Share Price Passes Above Fifty Day Moving Average of $28.10

Shares of John Hancock Financial Opportunities Fund (NYSE:BTO) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.10 and traded as high as $28.75. John Hancock Financial Opportunities Fund shares last traded at $28.66, with a volume of 26,219 shares.

John Hancock Financial Opportunities Fund Price Performance

The company has a 50-day simple moving average of $28.10 and a 200-day simple moving average of $28.39.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 9.07%. The ex-dividend date was Friday, March 8th.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Several institutional investors have recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new position in John Hancock Financial Opportunities Fund during the fourth quarter worth $220,000. J.W. Cole Advisors Inc. purchased a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter worth about $223,000. Abel Hall LLC acquired a new stake in John Hancock Financial Opportunities Fund in the 4th quarter valued at about $241,000. HighTower Advisors LLC increased its holdings in John Hancock Financial Opportunities Fund by 8.9% during the 3rd quarter. HighTower Advisors LLC now owns 9,908 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 811 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in John Hancock Financial Opportunities Fund by 24.1% during the fourth quarter. Private Advisor Group LLC now owns 9,663 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

About John Hancock Financial Opportunities Fund

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.