John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.43 and traded as low as $21.34. John Hancock Corporate Bond ETF shares last traded at $21.38, with a volume of 66,704 shares changing hands.

John Hancock Corporate Bond ETF Price Performance

The stock’s fifty day simple moving average is $21.57 and its 200-day simple moving average is $21.43.

John Hancock Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.0925 per share. This is a boost from John Hancock Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JHCB. Granite Bay Wealth Management LLC increased its stake in shares of John Hancock Corporate Bond ETF by 8,577.2% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 68,607,974 shares of the company’s stock worth $1,439,446,000 after purchasing an additional 67,817,309 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of John Hancock Corporate Bond ETF by 84.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 65,014 shares of the company’s stock worth $1,365,000 after purchasing an additional 29,680 shares in the last quarter. Envestnet Asset Management Inc. increased 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. MRP Capital Investments LLC purchased a new position in shares of John Hancock Corporate Bond ETF during the 2nd quarter worth approximately $1,035,000. Finally, Jane Street Group LLC purchased a new stake in John Hancock Corporate Bond ETF in the 3rd quarter worth approximately $1,727,000.

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.