John Hancock Financial Opportunities Fund (NYSE:BTO) Sets New 1-Year High – Here’s Why

John Hancock Financial Opportunities Fund (NYSE:BTO)’s share price reached a new 52-week high on Monday . The stock traded as high as $37.67 and last traded at $37.67, with a volume of 12492 shares changing hands. The stock had previously closed at $37.10.

John Hancock Financial Opportunities Fund Trading Up 0.4 %

The company’s 50-day moving average price is $33.55 and its two-hundred day moving average price is $30.95.

John Hancock Financial Opportunities Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.84%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Trading of John Hancock Financial Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in BTO. US Bancorp DE purchased a new position in John Hancock Financial Opportunities Fund in the 3rd quarter worth $30,000. International Assets Investment Management LLC purchased a new position in John Hancock Financial Opportunities Fund in the 2nd quarter worth $51,000. EverSource Wealth Advisors LLC purchased a new position in John Hancock Financial Opportunities Fund in the 2nd quarter worth $70,000. Wealth Enhancement Advisory Services LLC purchased a new position in John Hancock Financial Opportunities Fund in the 3rd quarter worth $210,000. Finally, Wedbush Securities Inc. raised its position in John Hancock Financial Opportunities Fund by 8.7% in the 2nd quarter. Wedbush Securities Inc. now owns 8,738 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 700 shares during the period. Hedge funds and other 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.