BTO

John Hancock Financial Opportunities Fund
BTO
Market cap $605M

32.19 USD

+0.37

1.16%

At close Oct 4, 4:00 PM EDT

1 day

1.16%

5 days

-2.13%

1 month

-0.68%

3 months

15.42%

6 months

13.42%

Year to date

5.99%

1 year

25.60%

5 years

2.84%

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

142% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 12

0% more funds holding

Funds holding: 69 [Q1] → 69 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

6.76% less ownership

Funds ownership: 27.74% [Q1] → 20.98% (-6.76%) [Q2]

28% less capital invested

Capital invested by funds: $154M [Q1] → $110M (-$43.7M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for BTO.

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Financial journalist opinion

Based on 3 articles about BTO published over the past 30 days

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

BOSTON , Sept. 30, 2024 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its quarterly distribution of $0.6500 per share paid to all shareholders of record as of September 13, 2024, pursuant to the Fund's managed distribution plan.

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

BOSTON, MA , Sept. 26, 2024 /PRNewswire/ - The nine John Hancock closed-end funds listed below announced today that each fund's Annual Meeting of Shareholders ("Annual Meeting") will be held on February 18, 2025, at 2:00 p.m.

JOHN HANCOCK CLOSED-END FUNDS ANNOUNCE ANNUAL SHAREHOLDER MEETING AND RECORD DATES

BTO: Ideal Circumstance For Growth

BTO offers a compelling income investment with a 7.9% dividend yield, benefiting from potential interest rate cuts and a diversified financial sector portfolio. The fund's valuation is attractive, trading at a slight discount to NAV, but it carries sector-specific risks and relies heavily on realized gains. BTO's distribution history is strong, but recent earnings have not covered payouts, leading to potential NAV erosion from return of capital.

BTO: Ideal Circumstance For Growth

Big Banks Set To Soar, I Am Loading Up On Up To 8% Yields

Interest rate cuts signal weakening economic fundamentals, aimed at stimulating the economy and improving affordability. Rate cuts benefit banks by reducing defaults, enabling them to release reserves and boost earnings. We capitalize on this environment by collecting substantial dividends.

Big Banks Set To Soar, I Am Loading Up On Up To 8% Yields

JOHN HANCOCK CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS

BOSTON , Sept. 3, 2024 /PRNewswire/ - The John Hancock closed-end funds listed below declared their quarterly distributions today as follows: Declaration Date: September 3, 2024 Ex Date: September 13, 2024 Record Date: September 13, 2024 Payment Date: September 30, 2024 Ticker Fund Name Distribution PerShare Change FromPrevious Distribution Market Price as of 08/30/2024 Annualized Current Distribution Rate at Market HEQ Hedged Equity & Income $0.2500 - $10.95 9.13 % JHS Income Securities Trust $0.1132 -0.0027 $11.75 3.85 % JHI Investors Trust $0.3134 0.0910 $13.71 9.14 % BTO Financial Opportunities Fund $0.6500 - $33.45 7.77 % John Hancock Hedged Equity & Income Fund Hedged Equity & Income Fund (the "Fund") declared its quarterly distribution pursuant to the Fund's managed distribution plan (the "HEQ Plan").

JOHN HANCOCK CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS

Forget CDs, I'm Earning At Least 8% From My Bank: BTO

Banks' large loan portfolios are primed to benefit from falling rates. Current loans provide higher rates, and declining rates will spur new lending activity. Banks are tested heavily by regulators to ensure solvency and maintain lending through a harsh recession.

Forget CDs, I'm Earning At Least 8% From My Bank: BTO

JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

BOSTON , July 23, 2024 /PRNewswire/ - The John Hancock Closed-End Funds listed in the table below announced earnings1 for the three months ended June 30, 2024. The same data for the comparable three-month period ended June 30, 2023 is also available below.

JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA

3 Bank Funds To Buy For Your Retirement Income

The financial sector is still out of favor due to rate shock, income is pouring into the willings' coffers. You can invest in banks, bank-like institutions, or both. Don't neglect this sector. Lower risk, higher yields, a retiree's dream.

3 Bank Funds To Buy For Your Retirement Income

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

BOSTON , June 28, 2024 /PRNewswire/ - John Hancock Financial Opportunities Fund (NYSE: BTO) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its quarterly distribution of $0.6500 per share paid to all shareholders of record as of June 13, 2024, pursuant to the Fund's managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission.

JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND - NOTICE TO SHAREHOLDERS - SOURCES OF DISTRIBUTION UNDER SECTION 19(a)

BTO: Continual Failure To Cover The Distribution Means That Caution Is In Order

John Hancock Financial Opportunities Fund invests primarily in the banking sector, which historically has shown a positive correlation between interest rates and net interest margins. The fund has a high current yield of 9.33%, making it attractive for income-seeking investors compared to other sector-specific funds. The fund employs leverage but maintains a reasonable level of debt compared to its peers, reducing potential risk. However, it has struggled to cover its distributions and may need to reduce its payout in the future.

BTO: Continual Failure To Cover The Distribution Means That Caution Is In Order

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