John Hancock Financial Opportunities Fund (NYSE:BTO) Sets New 1-Year High – Should You Buy?

John Hancock Financial Opportunities Fund (NYSE:BTO)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.15 and last traded at $39.13, with a volume of 19473 shares. The stock had previously closed at $38.23.

John Hancock Financial Opportunities Fund Stock Performance

The business’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $31.49.

John Hancock Financial Opportunities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 6.68%.

Institutional Trading of John Hancock Financial Opportunities Fund

A number of large investors have recently bought and sold shares of BTO. US Bancorp DE acquired a new stake in shares of John Hancock Financial Opportunities Fund in the 3rd quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in John Hancock Financial Opportunities Fund during the second quarter worth about $51,000. EverSource Wealth Advisors LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the second quarter worth approximately $70,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the third quarter worth approximately $210,000. Finally, Wedbush Securities Inc. boosted its holdings 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 acquiring an additional 700 shares in the last quarter. 19.55% of the stock is currently owned by institutional investors.

About John Hancock Financial Opportunities Fund

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.