John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trading Down 0.3% – Time to Sell?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s share price fell 0.3% during mid-day trading on Friday . The stock traded as low as $21.40 and last traded at $21.41. 11,277 shares traded hands during mid-day 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 Stock Down 0.3 %

The stock’s 50 day moving average price is $21.81 and its 200 day moving average price is $21.34.

John Hancock Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given 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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Corporate Bond ETF by 73.6% in the first quarter. Commonwealth Equity Services LLC now owns 35,334 shares of the company’s stock worth $750,000 after buying an additional 14,979 shares during the last quarter. MRP Capital Investments LLC bought a new position in shares of John Hancock Corporate Bond ETF during the second quarter worth about $1,035,000. Envestnet Asset Management Inc. increased its holdings in shares of 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 worth $4,810,000 after acquiring 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 2nd 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 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.