John Hancock Financial Opprts Fund (NYSE:BTO) Shares Down 0.1%

John Hancock Financial Opprts Fund (NYSE:BTO) dropped 0.1% during mid-day trading on Thursday . The stock traded as low as $34.92 and last traded at $35.17, approximately 27,114 shares traded hands during mid-day trading. A decline of 35% from the average daily volume of 41,570 shares. The stock had previously closed at $35.20.

Separately, BMO Capital Markets upped their price objective on shares of John Hancock Financial Opprts Fund from $7.00 to $7.25 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd.

The firm’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $33.46.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Patten Group Inc. boosted its stake in John Hancock Financial Opprts Fund by 2.0% in the fourth quarter. Patten Group Inc. now owns 14,195 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 285 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in John Hancock Financial Opprts Fund by 35.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 305 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in John Hancock Financial Opprts Fund by 4.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,438 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 333 shares in the last quarter. FCA Corp TX boosted its stake in John Hancock Financial Opprts Fund by 0.4% in the fourth quarter. FCA Corp TX now owns 98,147 shares of the financial services provider’s stock valued at $3,563,000 after acquiring an additional 374 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in John Hancock Financial Opprts Fund by 5.9% in the fourth quarter. Wedbush Securities Inc. now owns 9,621 shares of the financial services provider’s stock valued at $349,000 after acquiring an additional 533 shares in the last quarter. Institutional investors own 20.61% of the company’s stock.

About John Hancock Financial Opprts Fund (NYSE:BTO)

John Hancock Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by John Hancock Advisers, 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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