John Hancock High Yield ETF $JHHY Shares Acquired by Kensington Asset Management LLC

Kensington Asset Management LLC increased its holdings in shares of John Hancock High Yield ETF (NYSEARCA:JHHY) by 1,300.6% in the third quarter, Holdings Channel reports. The firm owned 350,152 shares of the company’s stock after buying an additional 325,152 shares during the period. John Hancock High Yield ETF comprises 0.5% of Kensington Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Kensington Asset Management LLC owned about 0.15% of John Hancock High Yield ETF worth $9,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in John Hancock High Yield ETF by 490.1% during the first quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock worth $1,366,000 after buying an additional 44,704 shares during the period. Envestnet Asset Management Inc. raised its position in John Hancock High Yield ETF by 10.1% in the second quarter. Envestnet Asset Management Inc. now owns 171,989 shares of the company’s stock valued at $4,437,000 after purchasing an additional 15,745 shares during the period. Daymark Wealth Partners LLC acquired a new position in John Hancock High Yield ETF during the second quarter worth $5,886,000. JPMorgan Chase & Co. boosted its position in shares of John Hancock High Yield ETF by 397.5% during the second quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock worth $5,486,000 after buying an additional 169,883 shares during the period. Finally, Osaic Holdings Inc. acquired a new stake in shares of John Hancock High Yield ETF in the second quarter valued at $88,000.

John Hancock High Yield ETF Price Performance

JHHY opened at $25.83 on Thursday. The stock’s 50-day moving average price is $25.94 and its 200 day moving average price is $26.00. John Hancock High Yield ETF has a 12-month low of $24.36 and a 12-month high of $26.33.

John Hancock High Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 25th will be issued a $0.0944 dividend. The ex-dividend date is Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

About John Hancock High Yield ETF

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.