Why John Hancock Financial Opportunities Fund Was Up 6.7% This Week

Shares of the John Hancock Financial Opportunities Fund (NYSE: BTO) were up by 6.7% this week as of 11 a.m. ET Friday, according to S&P Global Market Intelligence, trading at about $28 per share. The broader market was up slightly for the week at that point in the session, with the S&P 500 up 0.6%, the Dow Jones Industrial Average higher by 0.5%, and the Nasdaq Composite up 0.4%. The John Hancock Financial Opportunities Fund is a closed-end fund that invests primarily in U.S. and foreign financial services companies.