John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Falls 0.4% – Here’s What Happened

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) shares traded down 0.4% during mid-day trading on Monday. The company traded as low as $20.14 and last traded at $20.17. 40,471 shares changed hands during trading, an increase of 63% from the average session volume of 24,794 shares. The stock had previously closed at $20.25.

John Hancock Corporate Bond ETF Price Performance

The firm has a 50-day simple moving average of $20.47 and a 200 day simple moving average of $20.92.

John Hancock Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were paid a dividend of $0.0825 per share. This is a decrease from John Hancock Corporate Bond ETF’s previous monthly dividend of $0.1011. This represents a $0.99 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, September 28th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Robbins Farley boosted its stake in John Hancock Corporate Bond ETF by 5.0% during the 2nd quarter. Robbins Farley now owns 20,239 shares of the company’s stock valued at $429,000 after acquiring an additional 959 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of John Hancock Corporate Bond ETF by 11.0% during the second quarter. CoreCap Advisors LLC now owns 31,120 shares of the company’s stock valued at $660,000 after purchasing an additional 3,077 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in John Hancock Corporate Bond ETF by 23.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,923 shares of the company’s stock worth $380,000 after buying an additional 3,424 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of John Hancock Corporate Bond ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 217,375 shares of the company’s stock worth $4,611,000 after acquiring an additional 4,158 shares during the period. Finally, Simplicity Wealth LLC increased its stake in shares of John Hancock Corporate Bond ETF by 26.3% in the first quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock valued at $2,087,000 after purchasing an additional 20,514 shares during the period.

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.