John Hancock Financial Opportunities Fund (NYSE:BTO) Sets New 12-Month High – Here’s What Happened

John Hancock Financial Opportunities Fund (NYSE:BTO) reached a new 52-week high during trading on Friday . The company traded as high as $35.46 and last traded at $35.46, with a volume of 273 shares. The stock had previously closed at $34.15.

John Hancock Financial Opportunities Fund Stock Down 0.1 %

The firm’s fifty day moving average is $33.11 and its two-hundred day moving average is $30.46.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend was Friday, September 13th.

Institutional Trading of John Hancock Financial Opportunities Fund

Several hedge funds have recently bought and sold shares of BTO. EverSource Wealth Advisors LLC purchased a new stake in shares of John Hancock Financial Opportunities Fund during the 2nd quarter worth approximately $70,000. Commonwealth Equity Services LLC raised its stake in 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 in the last quarter. Cornerstone Advisors LLC bought a new position in John Hancock Financial Opportunities Fund during the second quarter valued at $2,727,000. Wedbush Securities Inc. grew its stake in shares of 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 buying an additional 700 shares in the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of John Hancock Financial Opportunities Fund by 92.5% in the 2nd quarter. Shaker Financial Services LLC now owns 40,840 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 19,629 shares during the last quarter. 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.