John Hancock Financial Opportunities Fund Declares Quarterly Dividend of $0.65 (NYSE:BTO)

John Hancock Financial Opportunities Fund (NYSE:BTO) announced a quarterly dividend on Tuesday, September 2nd, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.65 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, September 12th.

John Hancock Financial Opportunities Fund Stock Performance

BTO stock opened at $37.79 on Thursday. The firm’s fifty day moving average is $35.94 and its 200 day moving average is $34.18. John Hancock Financial Opportunities Fund has a one year low of $27.73 and a one year high of $39.87.

Hedge Funds Weigh In On John Hancock Financial Opportunities Fund

A number of large investors have recently bought and sold shares of BTO. LPL Financial LLC increased its stake in shares of John Hancock Financial Opportunities Fund by 13.2% during the first quarter. LPL Financial LLC now owns 210,292 shares of the financial services provider’s stock worth $7,173,000 after purchasing an additional 24,519 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in John Hancock Financial Opportunities Fund in the 1st quarter worth about $512,000. Private Advisor Group LLC increased its stake in John Hancock Financial Opportunities Fund by 26.4% during the 1st quarter. Private Advisor Group LLC now owns 19,521 shares of the financial services provider’s stock worth $666,000 after buying an additional 4,076 shares in the last quarter. Triumph Capital Management raised its holdings in shares of John Hancock Financial Opportunities Fund by 14.9% during the first quarter. Triumph Capital Management now owns 26,505 shares of the financial services provider’s stock valued at $904,000 after acquiring an additional 3,440 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of John Hancock Financial Opportunities Fund by 33.3% in the first quarter. Private Trust Co. NA now owns 2,000 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 19.55% of the company’s stock.

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.