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)’s share price 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 traded.

John Hancock Corporate Bond ETF Trading Up 0.5 %

The business has a fifty day moving average price of $21.56 and a 200 day moving average price of $21.43.

John Hancock Corporate Bond ETF Increases Dividend

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

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors have recently modified their holdings of JHCB. MRP Capital Investments LLC acquired a new position in shares of John Hancock Corporate Bond ETF during the 2nd quarter worth $1,035,000. Commonwealth Equity Services LLC increased its holdings 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 worth $1,365,000 after purchasing an additional 29,680 shares in the last quarter. Jane Street Group LLC acquired a new position in John Hancock Corporate Bond ETF in the 3rd quarter worth about $1,727,000. Envestnet Asset Management Inc. increased its holdings 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 in the last quarter. Finally, Granite Bay Wealth Management LLC increased its holdings 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 worth $26,096,000 after purchasing an additional 452,263 shares in the last quarter.

About John Hancock Corporate Bond ETF

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.