John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Pass Above Fifty Day Moving Average of $31.32

John Hancock Financial Opportunities Fund (NYSE:BTO)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $31.32 and traded as high as $31.83. John Hancock Financial Opportunities Fund shares last traded at $30.78, with a volume of 46,895 shares traded.

The company’s 50 day simple moving average is $31.32 and its 200 day simple moving average is $25.45.

Large investors have recently added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC acquired a new position in John Hancock Financial Opportunities Fund during the 3rd quarter worth $38,000. D.A. Davidson & CO. grew its position in shares of John Hancock Financial Opportunities Fund by 5.9% during the third quarter. D.A. Davidson & CO. now owns 11,302 shares of the financial services provider’s stock worth $242,000 after buying an additional 627 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 6,333.3% during the third quarter. Cetera Advisor Networks LLC now owns 19,300 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 19,000 shares in the last quarter. Community Bank of Raymore increased its holdings in John Hancock Financial Opportunities Fund by 42.6% in the fourth quarter. Community Bank of Raymore now owns 16,750 shares of the financial services provider’s stock valued at $468,000 after buying an additional 5,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in John Hancock Financial Opportunities Fund by 1.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 35,798 shares of the financial services provider’s stock valued at $767,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 18.16% of the company’s stock.

John Hancock Financial Opportunities Fund Company Profile (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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