John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Crosses Below 50 Day Moving Average – Time to Sell?

John Hancock Financial Opportunities Fund (NYSE:BTO)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $36.10 and traded as low as $34.01. John Hancock Financial Opportunities Fund shares last traded at $34.51, with a volume of 96,115 shares changing hands.

John Hancock Financial Opportunities Fund Trading Down 1.3%

The company’s 50-day moving average price is $36.10 and its 200-day moving average price is $34.80.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.60 annualized dividend and a dividend yield of 7.5%.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of John Hancock Financial Opportunities Fund during the second quarter worth $35,000. Blue Trust Inc. bought a new stake in shares of John Hancock Financial Opportunities Fund during the second quarter worth $35,000. Thompson Investment Management Inc. increased its position in shares of John Hancock Financial Opportunities Fund by 149.0% during the second quarter. Thompson Investment Management Inc. now owns 1,616 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 967 shares in the last quarter. Private Trust Co. NA increased its position in shares of John Hancock Financial Opportunities Fund by 33.3% during the first quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 500 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of John Hancock Financial Opportunities Fund by 32.5% during the second quarter. Allworth Financial LP now owns 4,493 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors own 19.55% 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.