John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trading Up 0.4% – Time to Buy?

Shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) were up 0.4% during trading on Wednesday . The stock traded as high as $21.38 and last traded at $21.38. Approximately 2,870 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 13,837 shares. The stock had previously closed at $21.29.

John Hancock Corporate Bond ETF Stock Up 0.4 %

The firm’s fifty day moving average price is $21.17 and its 200 day moving average price is $21.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the 4th quarter valued at $1,364,000. Citadel Advisors LLC increased its stake in John Hancock Corporate Bond ETF by 209.3% during the fourth quarter. Citadel Advisors LLC now owns 65,638 shares of the company’s stock worth $1,373,000 after purchasing an additional 44,415 shares during the period. Jane Street Group LLC acquired a new stake in shares of John Hancock Corporate Bond ETF during the third quarter worth about $1,727,000. Finally, Granite Bay Wealth Management LLC boosted its stake in shares of John Hancock Corporate Bond ETF by 5.5% in the fourth quarter. Granite Bay Wealth Management LLC now owns 1,130,941 shares of the company’s stock valued at $23,659,000 after purchasing an additional 59,354 shares during the period.

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.