Cabot Wealth Management Inc. Purchases 662,690 Shares of John Hancock Mortgage-Backed Securities ETF $JHMB

Cabot Wealth Management Inc. acquired a new position in shares of John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) during the third quarter, Holdings Channel reports. The institutional investor acquired 662,690 shares of the company’s stock, valued at approximately $13,777,000. John Hancock Mortgage-Backed Securities ETF comprises 1.3% of Cabot Wealth Management Inc.’s portfolio, making the stock its 29th largest position. Cabot Wealth Management Inc. owned about 0.07% of John Hancock Mortgage-Backed Securities ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nottingham Advisors Inc. purchased a new position in John Hancock Mortgage-Backed Securities ETF in the third quarter valued at $220,000. D.A. Davidson & CO. acquired a new position in John Hancock Mortgage-Backed Securities ETF during the 3rd quarter worth $232,000. Cadence Wealth Management LLC grew its stake in John Hancock Mortgage-Backed Securities ETF by 14.5% during the 1st quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock worth $320,000 after purchasing an additional 1,845 shares in the last quarter. J. R. Prunier Capital Management LLC increased its holdings in John Hancock Mortgage-Backed Securities ETF by 26.5% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock worth $1,728,000 after purchasing an additional 16,427 shares during the period. Finally, Iams Wealth Management LLC increased its holdings in John Hancock Mortgage-Backed Securities ETF by 11.3% during the 3rd quarter. Iams Wealth Management LLC now owns 164,039 shares of the company’s stock worth $3,410,000 after purchasing an additional 16,620 shares during the period.

John Hancock Mortgage-Backed Securities ETF Stock Down 0.0%

JHMB stock opened at $21.15 on Thursday. The business’s 50-day moving average is $21.11 and its two-hundred day moving average is $21.77. John Hancock Mortgage-Backed Securities ETF has a 1 year low of $20.59 and a 1 year high of $22.57.

John Hancock Mortgage-Backed Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were given a dividend of $0.0949 per share. This is a boost from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0837. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, October 28th.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.