Royal Bank of Canada Buys New Stake in John Hancock Dynamic Municipal Bond ETF $JHMU

Royal Bank of Canada bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF (NYSEARCA:JHMU) during the 1st quarter, Holdings Channel reports. The firm bought 22,812 shares of the company’s stock, valued at approximately $592,000.

A number of other institutional investors also recently added to or reduced their stakes in JHMU. Captrust Financial Advisors bought a new position in shares of John Hancock Dynamic Municipal Bond ETF in the fourth quarter worth $2,218,000. Kingsview Wealth Management LLC bought a new stake in shares of John Hancock Dynamic Municipal Bond ETF during the fourth quarter valued at about $990,000. Jane Street Group LLC lifted its holdings in John Hancock Dynamic Municipal Bond ETF by 90.9% in the first quarter. Jane Street Group LLC now owns 53,240 shares of the company’s stock worth $1,371,000 after purchasing an additional 25,356 shares during the period. Citadel Advisors LLC acquired a new stake in John Hancock Dynamic Municipal Bond ETF in the third quarter worth about $237,000. Finally, Cetera Investment Advisers grew its position in John Hancock Dynamic Municipal Bond ETF by 14.3% in the 1st quarter. Cetera Investment Advisers now owns 59,141 shares of the company’s stock valued at $1,535,000 after buying an additional 7,407 shares in the last quarter.

John Hancock Dynamic Municipal Bond ETF Stock Performance

John Hancock Dynamic Municipal Bond ETF stock opened at $25.86 on Tuesday. The stock has a market cap of $43.19 million, a price-to-earnings ratio of 15.71 and a beta of 0.19. The company’s 50-day moving average price is $26.09 and its two-hundred day moving average price is $26.21. John Hancock Dynamic Municipal Bond ETF has a 52 week low of $25.47 and a 52 week high of $26.70.

John Hancock Dynamic Municipal Bond ETF Company Profile

The John Hancock Dynamic Municipal Bond ETF (JHMU) is an exchange-traded fund that is based on the John Hancock Dimensional Utilities index. The fund is an actively managed fund that primarily invests in investment grade municipal bonds of any maturity. The fund seeks to provide tax-exempt income. JHMU was launched on Oct 31, 2023 and is issued by John Hancock.