John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Pass Above 50-Day Moving Average – Should You Sell?

John Hancock Financial Opportunities Fund (NYSE:BTO)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $33.96 and traded as high as $38.00. John Hancock Financial Opportunities Fund shares last traded at $37.74, with a volume of 32,077 shares traded.

John Hancock Financial Opportunities Fund Stock Up 0.3 %

The business has a fifty day moving average price of $33.96 and a 200 day moving average price of $31.24.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 6.89%.

Institutional Investors Weigh In On John Hancock Financial Opportunities Fund

Several institutional investors have recently bought and sold shares of BTO. L.M. Kohn & Company raised its stake in shares of John Hancock Financial Opportunities Fund by 3.5% in the 3rd quarter. L.M. Kohn & Company now owns 12,691 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 425 shares during the period. Aurora Investment Counsel raised its position in John Hancock Financial Opportunities Fund by 0.5% in the second quarter. Aurora Investment Counsel now owns 89,279 shares of the financial services provider’s stock valued at $2,501,000 after purchasing an additional 429 shares during the period. Wedbush Securities Inc. lifted 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 worth $245,000 after purchasing an additional 700 shares in the last quarter. US Bancorp DE purchased a new stake in shares of John Hancock Financial Opportunities Fund in the third quarter worth about $30,000. Finally, Private Advisor Group LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 7.8% in the third quarter. Private Advisor Group LLC now owns 13,978 shares of the financial services provider’s stock valued at $464,000 after buying an additional 1,015 shares in the last quarter. 19.55% of the stock is currently owned by hedge funds and other institutional investors.

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.