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

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s stock price traded down 0.4% during mid-day trading on Friday . The stock traded as low as $21.25 and last traded at $21.28. 5,753 shares were traded during trading, a decline of 74% from the average daily volume of 21,757 shares. The stock had previously closed at $21.36.

John Hancock Corporate Bond ETF Stock Down 0.4%

The business has a 50 day simple moving average of $21.24 and a 200 day simple moving average of $21.42.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in John Hancock Corporate Bond ETF in the 2nd quarter worth approximately $32,000. Robbins Farley increased its stake in John Hancock Corporate Bond ETF by 23.1% during the 1st 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. CoreCap Advisors LLC increased its stake in John Hancock Corporate Bond ETF by 32.0% during the 4th quarter. CoreCap Advisors LLC now owns 22,404 shares of the company’s stock valued at $482,000 after purchasing an additional 5,427 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of John Hancock Corporate Bond ETF by 17.5% in the second quarter. Osaic Holdings Inc. now owns 48,109 shares of the company’s stock worth $1,031,000 after buying an additional 7,150 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of John Hancock Corporate Bond ETF by 43.8% in the fourth quarter. Jane Street Group LLC now owns 50,210 shares of the company’s stock worth $1,080,000 after buying an additional 15,291 shares during 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.