John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Passes Below 200-Day Moving Average – What’s Next?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.43 and traded as low as $21.34. John Hancock Corporate Bond ETF shares last traded at $21.38, with a volume of 66,704 shares trading hands.

John Hancock Corporate Bond ETF Trading Up 0.5 %

The firm has a 50-day moving average of $21.56 and a 200 day moving average of $21.43.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.0925 dividend. This is a boost from John Hancock Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of John Hancock Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Granite Bay Wealth Management LLC lifted its position in shares of John Hancock Corporate Bond ETF by 8,577.2% in the second quarter. Granite Bay Wealth Management LLC now owns 68,607,974 shares of the company’s stock valued at $1,439,446,000 after buying an additional 67,817,309 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 purchasing an additional 28,011 shares during the last quarter. Jane Street Group LLC bought a new stake in John Hancock Corporate Bond ETF in the 3rd quarter valued at $1,727,000. Commonwealth Equity Services LLC boosted its stake in 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 period. Finally, MRP Capital Investments LLC bought a new stake in John Hancock Corporate Bond ETF in the 2nd quarter valued at $1,035,000.

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.