John Hancock Financial Opportunities Fund (NYSE:BTO – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $39.69 and traded as high as $40.43. John Hancock Financial Opportunities Fund shares last traded at $39.78, with a volume of 28,455 shares trading hands.
John Hancock Financial Opportunities Fund Stock Up 0.1%
The stock has a 50 day simple moving average of $39.69 and a 200-day simple moving average of $37.67.
John Hancock Financial Opportunities Fund Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 11th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 6.5%. The ex-dividend date was Thursday, June 11th.
Hedge Funds Weigh In On John Hancock Financial Opportunities Fund
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.
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