John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Trading 0.3% Higher – Should You Buy?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) shot up 0.3% on Wednesday . The company traded as high as $21.73 and last traded at $21.73. 1,171 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 18,851 shares. The stock had previously closed at $21.66.

John Hancock Corporate Bond ETF Trading Up 0.3%

The company has a 50-day moving average of $21.74 and a 200-day moving average of $21.59.

Hedge Funds Weigh In On John Hancock Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JHCB. CoreCap Advisors LLC boosted its stake in shares of John Hancock Corporate Bond ETF by 3.0% in the 3rd quarter. CoreCap Advisors LLC now owns 16,977 shares of the company’s stock valued at $369,000 after purchasing an additional 493 shares during the last quarter. NewEdge Advisors LLC bought a new position in John Hancock Corporate Bond ETF during the second quarter worth $32,000. Envestnet Asset Management Inc. lifted its holdings in John Hancock Corporate Bond ETF by 0.8% in the third quarter. Envestnet Asset Management Inc. now owns 211,147 shares of the company’s stock valued at $4,586,000 after buying an additional 1,760 shares during the period. Robbins Farley boosted its position in John Hancock Corporate Bond ETF by 48.7% during the third quarter. Robbins Farley now owns 7,040 shares of the company’s stock valued at $153,000 after acquiring an additional 2,305 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in John Hancock Corporate Bond ETF during the second quarter valued at $100,000.

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.