BTO Stock Summary and Trading Ideas (John Hancock Financial Opportunities | NYSE:BTO)

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. Under normal circumstances, the fund will invest at least 80% of its net assets plus borrowings for investment purposes in equity securities of U.S. and foreign financial services companies of any size. These companies may include, but are not limited to, banks, thrifts, finance companies, brokerage and advisory firms, real estate-related firms, insurance companies and financial holding companies. The fund will notify shareholders at least 60 days prior to any change in this 80% policy.

John Hancock Financial Opportunities trades on the NYSE stock market under the symbol BTO.

As of April 18, 2024, BTO stock price climbed to $26.65 with 33,590 million shares trading.

BTO has a beta of 1.68, meaning it tends to be more sensitive to market movements. BTO has a correlation of 0.25 to the broad based SPY ETF.

BTO has a market cap of $524.65 million. This is considered a Small Cap stock.

In the last 3 years, BTO stock traded as high as $52.88 and as low as $22.95.

BTO has underperformed the market in the last year with a price return of -1.9% while the SPY ETF gained +22.3%. BTO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.1% and -6.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

BTO support price is $25.99 and resistance is $26.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BTO stock will trade within this expected range on the day.