Kensington Asset Management LLC Reduces Stake in John Hancock High Yield ETF $JHHY

Kensington Asset Management LLC lowered its position in John Hancock High Yield ETF (NYSEARCA:JHHY) by 50.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 175,076 shares of the company’s stock after selling 175,076 shares during the period. Kensington Asset Management LLC owned 0.06% of John Hancock High Yield ETF worth $4,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Daymark Wealth Partners LLC boosted its position in John Hancock High Yield ETF by 10.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after buying an additional 32,594 shares during the last quarter. NewEdge Wealth LLC purchased a new stake in John Hancock High Yield ETF in the fourth quarter valued at approximately $4,026,000. Simplicity Wealth LLC boosted its position in John Hancock High Yield ETF by 50.5% in the fourth quarter. Simplicity Wealth LLC now owns 54,140 shares of the company’s stock valued at $1,398,000 after buying an additional 18,169 shares during the last quarter. CoreCap Advisors LLC boosted its position in John Hancock High Yield ETF by 35.8% in the fourth quarter. CoreCap Advisors LLC now owns 15,154 shares of the company’s stock valued at $391,000 after buying an additional 3,994 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in John Hancock High Yield ETF by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 219,853 shares of the company’s stock valued at $5,743,000 after buying an additional 7,233 shares during the last quarter.

John Hancock High Yield ETF Trading Down 0.0%

Shares of NYSEARCA JHHY opened at $25.69 on Friday. The business’s 50 day moving average price is $25.66 and its 200 day moving average price is $25.77. John Hancock High Yield ETF has a 52 week low of $25.04 and a 52 week high of $26.33.

John Hancock High Yield ETF Profile

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.