John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

John Hancock Financial Opportunities Fund (NYSE:BTO) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $39.98 and traded as high as $40.10. John Hancock Financial Opportunities Fund shares last traded at $39.68, with a volume of 27,426 shares traded.

John Hancock Financial Opportunities Fund Stock Up 0.1%

The business has a 50 day moving average of $39.98 and a 200-day moving average of $37.72.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 11th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Thursday, June 11th.

Institutional Trading of John Hancock Financial Opportunities Fund

A number of large investors have recently made changes to their positions in BTO. Farther Finance Advisors LLC acquired a new position in John Hancock Financial Opportunities Fund in the 4th quarter valued at about $43,000. International Assets Investment Management LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund during the fourth quarter worth about $57,000. Centaurus Financial Inc. purchased a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth about $102,000. Fifth Third Bancorp purchased a new stake in shares of John Hancock Financial Opportunities Fund during the first quarter worth about $206,000. Finally, Creative Planning acquired a new position in shares of John Hancock Financial Opportunities Fund in the third quarter valued at approximately $237,000. Institutional investors and hedge funds own 19.55% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

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.