John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Shares Up 0.4% – Time to Buy?

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

John Hancock Corporate Bond ETF Stock Down 0.0 %

The stock’s fifty day moving average price is $21.18 and its 200 day moving average price is $21.38.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in JHCB. Jane Street Group LLC purchased a new stake in shares of John Hancock Corporate Bond ETF in the third quarter valued at approximately $1,727,000. LPL Financial LLC bought a new stake in John Hancock Corporate Bond ETF during the 4th quarter valued at $1,364,000. Granite Bay Wealth Management LLC lifted its holdings in shares of John Hancock Corporate Bond ETF by 5.5% in the 4th quarter. Granite Bay Wealth Management LLC now owns 1,130,941 shares of the company’s stock worth $23,659,000 after buying an additional 59,354 shares during the period. Finally, Citadel Advisors LLC grew its position in shares of John Hancock Corporate Bond ETF by 209.3% during the 4th quarter. Citadel Advisors LLC now owns 65,638 shares of the company’s stock worth $1,373,000 after buying an additional 44,415 shares in 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.