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

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s stock price was up 0.4% during trading on Wednesday . The stock traded as high as $21.38 and last traded at $21.38. Approximately 2,870 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 13,837 shares. The stock had previously closed at $21.29.

John Hancock Corporate Bond ETF Price Performance

The firm’s 50-day moving average price is $21.18 and its two-hundred day moving average price is $21.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in shares of John Hancock Corporate Bond ETF during the 3rd quarter worth $1,727,000. Granite Bay Wealth Management LLC lifted its position in shares of John Hancock Corporate Bond ETF by 5.5% during the fourth quarter. Granite Bay Wealth Management LLC now owns 1,130,941 shares of the company’s stock valued at $23,659,000 after buying an additional 59,354 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of John Hancock Corporate Bond ETF by 209.3% in the 4th quarter. Citadel Advisors LLC now owns 65,638 shares of the company’s stock valued at $1,373,000 after buying an additional 44,415 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of John Hancock Corporate Bond ETF in the 4th quarter valued at about $1,364,000.

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.