John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Shares Down 0.3% – What’s Next?

Shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) fell 0.3% on Friday . The company traded as low as $21.40 and last traded at $21.41. 11,277 shares traded hands during trading, a decline of 36% from the average session volume of 17,744 shares. The stock had previously closed at $21.46.

John Hancock Corporate Bond ETF Trading Down 0.3 %

The company has a fifty day simple moving average of $21.81 and a 200 day simple moving average of $21.34.

John Hancock Corporate Bond ETF Increases Dividend

The business 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. The ex-dividend date was Thursday, September 26th. This is an increase from John Hancock Corporate Bond ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in John Hancock Corporate Bond ETF by 84.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 65,014 shares of the company’s stock worth $1,365,000 after buying an additional 29,680 shares during the period. MRP Capital Investments LLC acquired a new position in John Hancock Corporate Bond ETF during the 2nd quarter worth approximately $1,035,000. Envestnet Asset Management Inc. raised its stake in John Hancock Corporate Bond ETF by 13.9% during the 2nd 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 period. Finally, Granite Bay Wealth Management LLC raised its stake in John Hancock Corporate Bond ETF by 57.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,242,928 shares of the company’s stock worth $26,096,000 after buying an additional 452,263 shares during the period.

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.