BOSTON—William K. Bacic, a trustee of the John Hancock Financial Opportunities Fund, recently acquired shares in the fund, according to a filing with the Securities and Exchange Commission. Bacic purchased 288 ordinary shares with beneficial interest at a price of $34.70 per share, which is approximately $9,993 in total. The fund, with a market cap of $722 million, offers investors a substantial 7.32% dividend yield and has maintained dividend payouts for 31 consecutive years, according to InvestingPro data.
With this acquisition, Bačić’s share in the fund increases to 288 shares. The transaction was executed on January 14, 2025, and reported the next day. John Hancock Financial Opportunities Fund is listed on the New York Stock Exchange under the symbol NYSE:BTO. The fund has shown strong performance with a return of 28% over the past year and trades at a P/E ratio of 5.46. Discover more insights and analysis with InvestingProwhich offers additional exclusive advice and comprehensive research reports on more than 1,400 stocks.
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