John Hancock Financial Opportunities Fund (NYSE:BTO) Shares Pass Below 200 Day Moving Average – Should You Sell?

John Hancock Financial Opportunities Fund (NYSE:BTO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.84 and traded as low as $35.30. John Hancock Financial Opportunities Fund shares last traded at $35.9380, with a volume of 38,028 shares traded.

John Hancock Financial Opportunities Fund Trading Up 1.3%

The stock has a fifty day simple moving average of $35.88 and a two-hundred day simple moving average of $35.84.

John Hancock Financial Opportunities Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 12th were paid a $0.65 dividend. The ex-dividend date was Thursday, March 12th. This represents a $2.60 annualized dividend and a dividend yield of 7.2%.

Institutional Trading of John Hancock Financial Opportunities Fund

Large investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of John Hancock Financial Opportunities Fund by 39.2% in the 2nd quarter. Osaic Holdings Inc. now owns 17,188 shares of the financial services provider’s stock valued at $609,000 after buying an additional 4,839 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at about $391,000. XTX Topco Ltd acquired a new stake in shares of John Hancock Financial Opportunities Fund in the 4th quarter valued at about $272,000. Fifth Third Bancorp acquired a new stake in shares of John Hancock Financial Opportunities Fund in the 1st quarter valued at about $206,000. Finally, Private Advisor Group LLC grew its stake in shares of John Hancock Financial Opportunities Fund by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 23,961 shares of the financial services provider’s stock valued at $859,000 after buying an additional 796 shares during the period. 19.55% of the stock is currently owned by institutional investors and hedge funds.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund (NYSE: BTO) is a closed-end management investment company sponsored by John Hancock Investment Management, a division of Manulife Investment Management. Since its inception in August 2004, the fund has sought to deliver total return through a combination of current income and capital appreciation. As a publicly traded fund, it offers investors access to a diversified portfolio of financial services companies that might otherwise require direct equity investments or specialized mandates.

The fund primarily invests in common stocks, preferred stocks and convertible securities issued by companies in the banking, insurance, brokerage and specialty finance sectors.