John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Up 0.1% – Should You Buy?

Shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) were up 0.1% during mid-day trading on Friday . The stock traded as high as $21.27 and last traded at $21.22. Approximately 4,735 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 17,006 shares. The stock had previously closed at $21.21.

John Hancock Corporate Bond ETF Price Performance

The business’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $21.40.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0925 per share. This is a boost from John Hancock Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Granite Bay Wealth Management LLC lifted its holdings in John Hancock Corporate Bond ETF by 8,577.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 68,607,974 shares of the company’s stock worth $1,439,446,000 after purchasing an additional 67,817,309 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in John Hancock Corporate Bond ETF by 84.0% during the second quarter. Commonwealth Equity Services LLC now owns 65,014 shares of the company’s stock valued at $1,365,000 after acquiring an additional 29,680 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in John Hancock Corporate Bond ETF by 13.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 229,080 shares of the company’s stock valued at $4,810,000 after acquiring an additional 28,011 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in John Hancock Corporate Bond ETF in the 2nd quarter worth $1,035,000. Finally, Jane Street Group LLC bought a new position in shares of John Hancock Corporate Bond ETF during the 3rd quarter valued at about $1,727,000.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.