John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.43 and traded as low as $21.34. John Hancock Corporate Bond ETF shares last traded at $21.38, with a volume of 66,704 shares.

John Hancock Corporate Bond ETF Trading Up 0.3 %

The firm’s 50 day moving average price is $21.57 and its two-hundred day moving average price is $21.43.

John Hancock Corporate Bond ETF Increases Dividend

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

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. MRP Capital Investments LLC acquired a new stake in shares of John Hancock Corporate Bond ETF during the second quarter worth about $1,035,000. Commonwealth Equity Services LLC lifted its position in John Hancock Corporate Bond ETF by 84.0% in the second quarter. Commonwealth Equity Services LLC now owns 65,014 shares of the company’s stock valued at $1,365,000 after purchasing an additional 29,680 shares during the period. Jane Street Group LLC acquired a new stake in John Hancock Corporate Bond ETF in the third quarter valued at about $1,727,000. Envestnet Asset Management Inc. lifted its position in John Hancock Corporate Bond ETF by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 229,080 shares of the company’s stock valued at $4,810,000 after purchasing an additional 28,011 shares during the period. Finally, Granite Bay Wealth Management LLC lifted its position in John Hancock Corporate Bond ETF by 57.2% in the second quarter. Granite Bay Wealth Management LLC now owns 1,242,928 shares of the company’s stock valued at $26,096,000 after purchasing an additional 452,263 shares during the period.

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.