John Hancock Financial Opprts Fund (NYSE:BTO) Reaches New 12-Month High at $35.98

John Hancock Financial Opprts Fund (NYSE:BTO)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $35.98 and last traded at $35.27, with a volume of 42697 shares traded. The stock had previously closed at $35.34.

The business’s 50 day moving average is $34.34 and its 200-day moving average is $32.31.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.20 dividend on an annualized basis and a yield of 6.24%.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN grew its stake in John Hancock Financial Opprts Fund by 52.6% in the second quarter. Wells Fargo & Company MN now owns 331,505 shares of the financial services provider’s stock worth $10,675,000 after purchasing an additional 114,269 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in John Hancock Financial Opprts Fund by 2.8% during the second quarter. Janney Montgomery Scott LLC now owns 217,570 shares of the financial services provider’s stock valued at $7,006,000 after buying an additional 5,972 shares in the last quarter. FCA Corp TX lifted its holdings in John Hancock Financial Opprts Fund by 0.3% during the 2nd quarter. FCA Corp TX now owns 97,986 shares of the financial services provider’s stock worth $3,155,000 after buying an additional 328 shares during the last quarter. Orleans Capital Management Corp LA lifted its holdings in John Hancock Financial Opprts Fund by 6.2% during the 2nd quarter. Orleans Capital Management Corp LA now owns 65,758 shares of the financial services provider’s stock worth $2,117,000 after buying an additional 3,866 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in John Hancock Financial Opprts Fund by 36.3% during the 3rd quarter. First Trust Advisors LP now owns 42,000 shares of the financial services provider’s stock worth $1,351,000 after buying an additional 11,184 shares during the last quarter. 20.60% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Financial Opprts Fund Company Profile (NYSE:BTO)

John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisers, 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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