Granite Bay Wealth Management LLC Has $23.50 Million Position in John Hancock Corporate Bond ETF (NYSEARCA:JHCB)

Granite Bay Wealth Management LLC lowered its stake in shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,071,587 shares of the company’s stock after selling 171,341 shares during the quarter. John Hancock Corporate Bond ETF accounts for 13.2% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Granite Bay Wealth Management LLC owned 0.43% of John Hancock Corporate Bond ETF worth $23,500,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in John Hancock Corporate Bond ETF by 17.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,639,264 shares of the company’s stock worth $35,066,000 after purchasing an additional 243,690 shares during the period. Commonwealth Equity Services LLC raised its position in John Hancock Corporate Bond ETF by 73.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 35,334 shares of the company’s stock worth $750,000 after purchasing an additional 14,979 shares during the period. Envestnet Asset Management Inc. raised its position 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 worth $4,810,000 after purchasing an additional 28,011 shares during the period. Finally, MRP Capital Investments LLC purchased a new position in John Hancock Corporate Bond ETF in the 2nd quarter worth $1,035,000.

John Hancock Corporate Bond ETF Stock Performance

JHCB stock opened at $21.88 on Friday. The firm’s 50-day moving average price is $21.75 and its two-hundred day moving average price is $21.29. John Hancock Corporate Bond ETF has a 12-month low of $19.40 and a 12-month high of $22.20.

John Hancock Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders 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.

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.