Iams Wealth Management LLC Purchases 73,133 Shares of John Hancock High Yield ETF $JHHY

Iams Wealth Management LLC purchased a new stake in shares of John Hancock High Yield ETF (NYSEARCA:JHHY) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 73,133 shares of the company’s stock, valued at approximately $1,805,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in shares of John Hancock High Yield ETF by 19.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,434 shares of the company’s stock valued at $343,000 after purchasing an additional 2,198 shares in the last quarter. CoreCap Advisors LLC grew its position in John Hancock High Yield ETF by 7.9% in the 2nd quarter. CoreCap Advisors LLC now owns 20,938 shares of the company’s stock valued at $535,000 after buying an additional 1,524 shares in the last quarter. Simplicity Wealth LLC grew its position in John Hancock High Yield ETF by 27.9% in the 1st quarter. Simplicity Wealth LLC now owns 69,228 shares of the company’s stock valued at $1,755,000 after buying an additional 15,088 shares in the last quarter. NewEdge Advisors LLC grew its position in John Hancock High Yield ETF by 2.1% in the 1st quarter. NewEdge Advisors LLC now owns 81,452 shares of the company’s stock valued at $2,064,000 after buying an additional 1,668 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in John Hancock High Yield ETF by 7.7% during the 1st quarter. NewEdge Wealth LLC now owns 167,833 shares of the company’s stock valued at $4,254,000 after buying an additional 11,965 shares during the period.

John Hancock High Yield ETF Price Performance

John Hancock High Yield ETF stock opened at $24.72 on Friday. John Hancock High Yield ETF has a 52 week low of $24.51 and a 52 week high of $26.33. The company’s 50-day moving average price is $25.23 and its two-hundred day moving average price is $25.48.

John Hancock High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.1304 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.3%. This is a drop from John Hancock High Yield ETF’s previous monthly dividend of $0.1434. The ex-dividend date was Monday, September 28th.

John Hancock High Yield ETF Company Profile

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.