John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Cross Below 50 Day Moving Average of $28.23

Shares of John Hancock Financial Opportunities Fund (NYSE:BTO) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.23 and traded as low as $27.27. John Hancock Financial Opportunities Fund shares last traded at $27.72, with a volume of 33,588 shares traded.

John Hancock Financial Opportunities Fund Stock Performance

The stock has a 50-day simple moving average of $28.23 and a 200-day simple moving average of $28.19.

John Hancock Financial Opportunities Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Monday, March 11th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.60 annualized dividend and a yield of 9.38%.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

Several large investors have recently added to or reduced their stakes in BTO. Redwood Wealth Management Group LLC acquired a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter worth approximately $220,000. J.W. Cole Advisors Inc. acquired a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter worth approximately $223,000. Abel Hall LLC acquired a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter worth approximately $241,000. HighTower Advisors LLC raised its holdings in shares of John Hancock Financial Opportunities Fund by 8.9% in the 3rd quarter. HighTower Advisors LLC now owns 9,908 shares of the financial services provider’s stock worth $260,000 after buying an additional 811 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of John Hancock Financial Opportunities Fund by 24.1% in the 4th quarter. Private Advisor Group LLC now owns 9,663 shares of the financial services provider’s stock worth $291,000 after buying an additional 1,876 shares in the last quarter. 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 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.