John Hancock Financial Opportunities Fund (BTO) To Go Ex-Dividend on June 11th

John Hancock Financial Opportunities Fund (NYSE:BTO) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.65 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Thursday, June 11th.

John Hancock Financial Opportunities Fund Trading Up 1.3%

Shares of BTO opened at $36.76 on Wednesday. The stock has a 50 day moving average price of $36.39 and a 200 day moving average price of $36.05. John Hancock Financial Opportunities Fund has a one year low of $32.01 and a one year high of $39.85.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

A number of hedge funds have recently modified their holdings of BTO. Stifel Financial Corp lifted its stake in shares of John Hancock Financial Opportunities Fund by 0.3% in the fourth quarter. Stifel Financial Corp now owns 86,733 shares of the financial services provider’s stock worth $3,043,000 after buying an additional 302 shares in the last quarter. Redwood Wealth Management Group LLC raised its holdings in John Hancock Financial Opportunities Fund by 4.5% in the 1st quarter. Redwood Wealth Management Group LLC now owns 9,229 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 400 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in John Hancock Financial Opportunities Fund by 2.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 22,951 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 552 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in John Hancock Financial Opportunities Fund by 4.4% in the 1st quarter. Kestra Advisory Services LLC now owns 15,090 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 639 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in John Hancock Financial Opportunities Fund by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 796 shares in the last quarter. 19.55% of the stock is currently owned by institutional investors and hedge funds.

About John Hancock Financial Opportunities Fund

John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. Since its inception in August 2004, the fund has sought to deliver total return through a combination of current income and capital appreciation. As a publicly traded fund, it offers investors access to a diversified portfolio of financial services companies that might otherwise require direct equity investments or specialized mandates.

The fund primarily invests in common stocks, preferred stocks and convertible securities issued by companies in the banking, insurance, brokerage and specialty finance sectors.