Noni L. Ellison, a trustee of the John Hancock Financial Opportunities Fund (NYSE:BTO), has recently acquired common shares in the fund. According to a filing with the Securities and Exchange Commission, Ellison purchased 315 shares on December 23, at a price of $35.90 per share, totaling approximately $11,308. The fund, currently valued at $705 million, has demonstrated strong performance with a 35% return over the past six months and offers a notable 7.4% dividend yield. Following this transaction, Ellison now directly owns 756 shares in the fund. This acquisition reflects a continued investment in the fund, which is part of a series of John Hancock Closed-End Funds and has maintained dividend payments for 31 consecutive years. InvestingPro analysis reveals several additional key insights about BTO’s financial health and market position, with 6 exclusive ProTips available for subscribers.
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