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

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) was down 0.4% on Friday . The stock traded as low as $21.25 and last traded at $21.28. 5,753 shares changed hands 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 Trading Down 0.4%

The company has a fifty day moving average of $21.24 and a two-hundred day moving average of $21.42.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JHCB. NewEdge Advisors LLC bought a new stake in shares of John Hancock Corporate Bond ETF in the 2nd quarter worth about $32,000. Robbins Farley grew its holdings 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 during the last quarter. CoreCap Advisors LLC raised its position in John Hancock Corporate Bond ETF by 32.0% in the 4th quarter. CoreCap Advisors LLC now owns 22,404 shares of the company’s stock worth $482,000 after purchasing an additional 5,427 shares during the period. Osaic Holdings Inc. raised its position in John Hancock Corporate Bond ETF by 17.5% in the 2nd quarter. Osaic Holdings Inc. now owns 48,109 shares of the company’s stock worth $1,031,000 after purchasing an additional 7,150 shares during the period. Finally, Jane Street Group LLC lifted its stake in 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 purchasing an additional 15,291 shares during the last quarter.

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.