John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trading 0.3% Higher

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) shares traded up 0.3% on Friday . The stock traded as high as $22.10 and last traded at $22.08. 3,822 shares were traded during mid-day trading, a decline of 80% from the average session volume of 19,068 shares. The stock had previously closed at $22.01.

John Hancock Corporate Bond ETF Price Performance

The firm’s 50-day moving average price is $21.53 and its two-hundred day moving average price is $21.20.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 26th were given a dividend of $0.0859 per share. This is a boost from John Hancock Corporate Bond ETF’s previous dividend of $0.08. The ex-dividend date was Wednesday, June 26th.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Granite Bay Wealth Management LLC increased its stake in John Hancock Corporate Bond ETF by 8,577.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 68,607,974 shares of the company’s stock valued at $1,439,446,000 after purchasing an additional 67,817,309 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in John Hancock Corporate Bond ETF by 17.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,639,264 shares of the company’s stock valued at $35,066,000 after purchasing an additional 243,690 shares in the last quarter. MRP Capital Investments LLC acquired a new position in John Hancock Corporate Bond ETF during the 2nd quarter valued at approximately $1,035,000. Commonwealth Equity Services LLC increased its stake in John Hancock Corporate Bond ETF by 84.0% during 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 in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake 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 valued at $4,810,000 after purchasing an additional 28,011 shares in 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.