John Hancock Financial Opportunities Fund (NYSE:BTO) Stock Passes Above 50-Day Moving Average of $36.20

John Hancock Financial Opportunities Fund (NYSE:BTOGet Rating)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $36.20 and traded as high as $38.83. John Hancock Financial Opportunities Fund shares last traded at $37.87, with a volume of 21,323 shares.

John Hancock Financial Opportunities Fund Stock Up 0.6 %

The company’s fifty day moving average price is $36.20 and its 200-day moving average price is $39.94.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 10.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 406,593 shares of the financial services provider’s stock worth $16,345,000 after acquiring an additional 37,659 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of John Hancock Financial Opportunities Fund by 2.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 256,952 shares of the financial services provider’s stock worth $11,971,000 after acquiring an additional 6,038 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of John Hancock Financial Opportunities Fund by 1.8% in the 1st quarter. Bank of America Corp DE now owns 190,809 shares of the financial services provider’s stock worth $7,670,000 after acquiring an additional 3,346 shares during the last quarter. Royal Bank of Canada lifted its holdings in John Hancock Financial Opportunities Fund by 5.9% during the 1st quarter. Royal Bank of Canada now owns 156,427 shares of the financial services provider’s stock valued at $6,288,000 after buying an additional 8,766 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in John Hancock Financial Opportunities Fund by 9.0% during the 1st quarter. Raymond James & Associates now owns 136,762 shares of the financial services provider’s stock valued at $5,498,000 after buying an additional 11,299 shares in the last quarter. Institutional investors own 18.10% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile

(Get Rating)

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.

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