John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Cross Below 50 Day Moving Average of $28.23

John Hancock Financial Opportunities Fund (NYSE:BTO)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.23 and traded as low as $27.27. John Hancock Financial Opportunities Fund shares last traded at $27.72, with a volume of 33,588 shares traded.

John Hancock Financial Opportunities Fund Price Performance

The company’s 50 day moving average is $28.23 and its 200-day moving average is $28.19.

John Hancock Financial Opportunities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Monday, March 11th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.60 annualized dividend and a dividend yield of 9.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BTO. International Assets Investment Management LLC bought a new position in shares of John Hancock Financial Opportunities Fund in the 4th quarter worth about $2,375,000. Wolverine Asset Management LLC bought a new stake in John Hancock Financial Opportunities Fund during the 4th quarter valued at about $1,233,000. Gilliland Jeter Wealth Management LLC bought a new stake in John Hancock Financial Opportunities Fund during the 4th quarter valued at about $1,092,000. Raymond James Financial Services Advisors Inc. increased its stake in John Hancock Financial Opportunities Fund by 7.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 420,783 shares of the financial services provider’s stock valued at $12,657,000 after purchasing an additional 30,636 shares in the last quarter. Finally, Abel Hall LLC bought a new stake in John Hancock Financial Opportunities Fund during the 4th quarter valued at about $241,000. 19.55% of the stock is currently owned by 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.