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

John Hancock Corporate Bond ETF (NYSEARCA:JHCB)’s share price traded down 0.4% during trading on Friday . The company traded as low as $21.10 and last traded at $21.14. 17,839 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 23,268 shares. The stock had previously closed at $21.23.

John Hancock Corporate Bond ETF Price Performance

The stock has a fifty day moving average price of $21.24 and a 200 day moving average price of $21.47.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC bought a new position in shares of John Hancock Corporate Bond ETF in the second quarter worth $32,000. Robbins Farley raised its position in shares of John Hancock Corporate Bond ETF by 122.5% in the fourth quarter. Robbins Farley now owns 15,665 shares of the company’s stock worth $337,000 after buying an additional 8,625 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the second quarter worth $412,000. CoreCap Advisors LLC raised its position in shares of John Hancock Corporate Bond ETF by 32.0% in the fourth quarter. CoreCap Advisors LLC now owns 22,404 shares of the company’s stock worth $482,000 after buying an additional 5,427 shares in the last quarter. Finally, Rubicon Advisors GP purchased a new stake in shares of John Hancock Corporate Bond ETF in the fourth quarter worth $484,000.

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.