John Hancock Financial Opportunities Fund (BTO) Given Outperform Rating at Royal Bank Of Canada

September 24th, 20176:58 am @

0


John Hancock Financial Opportunities Fund (NYSE:BTO)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report issued on Thursday, September 7th.

John Hancock Financial Opportunities Fund (NYSE BTO) traded up 0.63% during trading on Thursday, hitting $35.07. 37,519 shares of the stock traded hands. John Hancock Financial Opportunities Fund has a 12 month low of $26.86 and a 12 month high of $37.86. The firm’s 50-day moving average is $33.82 and its 200-day moving average is $34.77.

ILLEGAL ACTIVITY WARNING: “John Hancock Financial Opportunities Fund (BTO) Given Outperform Rating at Royal Bank Of Canada” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of US international trademark copyright law. The correct version of this story can be read at https://ledgergazette.com/2017/09/24/john-hancock-financial-opportunities-fund-bto-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of John Hancock Financial Opportunities Fund by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 177,812 shares of the financial services provider’s stock worth $6,407,000 after purchasing an additional 8,055 shares during the period. BBT Securities LLC lifted its holdings in shares of John Hancock Financial Opportunities Fund by 18.7% during the second quarter. BBT Securities LLC now owns 10,988 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 1,732 shares during the period. FCA Corp TX lifted its holdings in shares of John Hancock Financial Opportunities Fund by 0.8% during the second quarter. FCA Corp TX now owns 107,736 shares of the financial services provider’s stock worth $3,882,000 after purchasing an additional 827 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of John Hancock Financial Opportunities Fund by 4.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,321 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 498 shares during the period. Finally, Private Advisor Group LLC acquired a new stake in shares of John Hancock Financial Opportunities Fund during the second quarter worth $247,000. 18.19% of the stock is owned by institutional investors and hedge funds.

John Hancock Financial Opportunities Fund Company Profile

John Hancock Financial Opportunities Fund (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of total return consisting of long-term capital appreciation and current income. The Fund utilizes a credit facility agreement to increase its assets available for investments.

Receive News Ratings for John Hancock Financial Opportunities Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for John Hancock Financial Opportunities Fund and related companies with MarketBeat.com’s FREE daily email newsletter.

Article source: https://ledgergazette.com/2017/09/24/john-hancock-financial-opportunities-fund-bto-stock-rating-reaffirmed-by-royal-bank-of-canada.html