John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Passes Above 50 Day Moving Average of $31.46

John Hancock Financial Opportunities Fund (NYSE:BTO) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $31.46 and traded as high as $32.82. John Hancock Financial Opportunities Fund shares last traded at $32.29, with a volume of 68,604 shares.

John Hancock Financial Opportunities Fund Price Performance

The company’s 50-day moving average is $31.63 and its 200-day moving average is $29.26.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 8.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aurora Investment Counsel lifted its position in John Hancock Financial Opportunities Fund by 0.5% during the second quarter. Aurora Investment Counsel now owns 89,279 shares of the financial services provider’s stock valued at $2,501,000 after buying an additional 429 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of John Hancock Financial Opportunities Fund by 8.7% during the second quarter. Wedbush Securities Inc. now owns 8,738 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 700 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of John Hancock Financial Opportunities Fund by 3.3% during the first quarter. Oppenheimer & Co. Inc. now owns 26,337 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 831 shares during the period. L.M. Kohn & Company raised its stake in shares of John Hancock Financial Opportunities Fund by 7.8% during the first quarter. L.M. Kohn & Company now owns 12,301 shares of the financial services provider’s stock valued at $364,000 after purchasing an additional 890 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of John Hancock Financial Opportunities Fund by 5.7% during the second quarter. Commonwealth Equity Services LLC now owns 19,817 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 1,068 shares during the period. 19.55% of the stock is owned by institutional investors and hedge funds.

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.