John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trading Down 0.2% – What’s Next?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s share price traded down 0.2% during trading on Monday . The stock traded as low as $21.05 and last traded at $21.05. 6,518 shares changed hands during trading, a decline of 59% from the average session volume of 15,927 shares. The stock had previously closed at $21.10.

John Hancock Corporate Bond ETF Stock Performance

The company has a fifty day simple moving average of $21.37 and a two-hundred day simple moving average of $21.48.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MRP Capital Investments LLC acquired a new stake in shares of John Hancock Corporate Bond ETF in the 2nd quarter valued at about $1,035,000. Commonwealth Equity Services LLC lifted its stake in John Hancock Corporate Bond ETF by 84.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 65,014 shares of the company’s stock valued at $1,365,000 after acquiring an additional 29,680 shares in the last quarter. Jane Street Group LLC acquired a new position in John Hancock Corporate Bond ETF during the 3rd quarter worth approximately $1,727,000. Envestnet Asset Management Inc. raised its stake in shares of John Hancock Corporate Bond ETF by 13.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 229,080 shares of the company’s stock worth $4,810,000 after purchasing an additional 28,011 shares in the last quarter. Finally, Granite Bay Wealth Management LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 57.2% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 1,242,928 shares of the company’s stock valued at $26,096,000 after buying an additional 452,263 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.