John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Down 0.4% – What’s Next?

Shares of John Hancock Corporate Bond ETF (NYSEARCA:JHCB) dropped 0.4% during mid-day trading on Friday . The company traded as low as $21.10 and last traded at $21.14. Approximately 17,839 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 23,268 shares. The stock had previously closed at $21.23.

John Hancock Corporate Bond ETF Price Performance

The stock has a 50-day moving average of $21.24 and a 200-day moving average of $21.47.

Institutional Investors Weigh In On John Hancock Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its position in shares of John Hancock Corporate Bond ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock worth $29,637,000 after buying an additional 310,804 shares in the last quarter. Granite Bay Wealth Management LLC raised its position in shares of John Hancock Corporate Bond ETF by 8.5% in the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock worth $37,835,000 after buying an additional 140,910 shares in the last quarter. Simplicity Wealth LLC raised its position in John Hancock Corporate Bond ETF by 26.3% during the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares in the last quarter. Robbins Farley raised its position in John Hancock Corporate Bond ETF by 23.1% during the first quarter. Robbins Farley now owns 19,280 shares of the company’s stock valued at $408,000 after purchasing an additional 3,615 shares in the last quarter. Finally, Rubicon Advisors GP purchased a new stake in John Hancock Corporate Bond ETF during the fourth quarter valued at about $484,000.

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.