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

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s share price was down 0.3% during mid-day trading on Friday . The stock traded as low as $21.40 and last traded at $21.41. Approximately 11,277 shares changed hands during trading, a decline of 36% from the average daily 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 moving average of $21.81 and a 200-day moving average of $21.34.

John Hancock Corporate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew 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. MRP Capital Investments LLC bought a new position in John Hancock Corporate Bond ETF in the 2nd quarter valued at $1,035,000. Envestnet Asset Management Inc. grew its stake in 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 valued at $4,810,000 after purchasing an additional 28,011 shares during the period. Finally, Granite Bay Wealth Management LLC grew its stake 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 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.