John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Up 0.6%

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) shot up 0.6% on Tuesday . The stock traded as high as $21.14 and last traded at $21.14. 6,990 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 19,917 shares. The stock had previously closed at $21.02.

John Hancock Corporate Bond ETF Stock Down 0.7 %

The company has a fifty day moving average price of $21.14 and a two-hundred day moving average price of $20.76.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Granite Bay Wealth Management LLC grew its holdings in John Hancock Corporate Bond ETF by 28.9% during the fourth quarter. Granite Bay Wealth Management LLC now owns 12,204,556 shares of the company’s stock worth $248,965,000 after purchasing an additional 2,739,023 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of John Hancock Corporate Bond ETF by 17.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,639,264 shares of the company’s stock valued at $35,066,000 after buying an additional 243,690 shares in the last quarter. Jane Street Group LLC acquired a new position in John Hancock Corporate Bond ETF during the first quarter valued at approximately $1,558,000. MRP Capital Investments LLC acquired a new position in John Hancock Corporate Bond ETF during the fourth quarter valued at approximately $1,156,000. Finally, Susquehanna International Group LLP acquired a new position in John Hancock Corporate Bond ETF during the first quarter valued at approximately $1,114,000.

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.