John Hancock Financial Opportunities Fund (NYSE:BTO) Sets New 1-Year Low at $33.01

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John Hancock Financial Opportunities Fund (NYSE:BTOGet Rating) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.01 and last traded at $33.01, with a volume of 230 shares changing hands. The stock had previously closed at $34.20.

The stock’s fifty day moving average price is $37.41 and its two-hundred day moving average price is $41.66.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Monday, June 13th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date of this dividend is Friday, June 10th. This is an increase from John Hancock Financial Opportunities Fund’s previous quarterly dividend of $0.55.

Several institutional investors have recently modified their holdings of BTO. Morgan Stanley lifted its holdings in shares of John Hancock Financial Opportunities Fund by 5.1% during the 2nd quarter. Morgan Stanley now owns 1,540,643 shares of the financial services provider’s stock worth $57,836,000 after acquiring an additional 74,894 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 10.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 406,593 shares of the financial services provider’s stock worth $16,345,000 after acquiring an additional 37,659 shares during the period. Stifel Financial Corp lifted its holdings in shares of John Hancock Financial Opportunities Fund by 51.2% during the 4th quarter. Stifel Financial Corp now owns 57,908 shares of the financial services provider’s stock worth $2,698,000 after acquiring an additional 19,621 shares during the period. Lincoln National Corp acquired a new position in John Hancock Financial Opportunities Fund during the 1st quarter worth approximately $742,000. Finally, Csenge Advisory Group increased its position in John Hancock Financial Opportunities Fund by 149.0% during the 1st quarter. Csenge Advisory Group now owns 26,103 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 15,620 shares in the last quarter. 18.10% of the stock is owned by institutional investors.

About John Hancock Financial Opportunities Fund (NYSE:BTO)

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.

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