John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Shares Up 0.4% – Still a Buy?

Shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) were up 0.4% on Wednesday . The company traded as high as $21.38 and last traded at $21.38. Approximately 2,870 shares were traded during trading, a decline of 79% from the average daily volume of 13,837 shares. The stock had previously closed at $21.29.

John Hancock Corporate Bond ETF Price Performance

The company’s 50-day moving average is $21.17 and its 200 day moving average is $21.38.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Several hedge funds have recently made changes to their positions in JHCB. LPL Financial LLC purchased a new stake in John Hancock Corporate Bond ETF during the 4th quarter valued at about $1,364,000. Citadel Advisors LLC boosted its position in John Hancock Corporate Bond ETF by 209.3% in the fourth quarter. Citadel Advisors LLC now owns 65,638 shares of the company’s stock valued at $1,373,000 after buying an additional 44,415 shares during the last quarter. Jane Street Group LLC acquired a new position in John Hancock Corporate Bond ETF in the 3rd quarter worth approximately $1,727,000. Finally, Granite Bay Wealth Management LLC increased its holdings in John Hancock Corporate Bond ETF by 5.5% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,130,941 shares of the company’s stock worth $23,659,000 after buying an additional 59,354 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.