John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Down 0.2% – What’s Next?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s stock price was down 0.2% during trading on Monday . The company traded as low as $21.05 and last traded at $21.05. Approximately 6,518 shares changed hands during trading, a decline of 59% from the average daily volume of 15,927 shares. The stock had previously closed at $21.10.

John Hancock Corporate Bond ETF Price Performance

The firm’s 50-day simple moving average is $21.39 and its two-hundred day simple moving average is $21.48.

John Hancock Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.0925 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from John Hancock Corporate Bond ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JHCB. MRP Capital Investments LLC acquired a new stake in John Hancock Corporate Bond ETF in the second quarter worth about $1,035,000. Commonwealth Equity Services LLC boosted its stake in shares of John Hancock Corporate Bond ETF by 84.0% in the 2nd 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 last quarter. Jane Street Group LLC acquired a new stake in shares of John Hancock Corporate Bond ETF during the 3rd quarter worth approximately $1,727,000. Envestnet Asset Management Inc. raised its stake in shares of John Hancock Corporate Bond ETF by 13.9% during the second quarter. Envestnet Asset Management Inc. now owns 229,080 shares of the company’s stock worth $4,810,000 after buying an additional 28,011 shares during the last quarter. Finally, Granite Bay Wealth Management LLC boosted its stake 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 acquiring an additional 452,263 shares during the last quarter.

John Hancock Corporate Bond ETF Company Profile

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.