NewEdge Wealth LLC Takes $4.03 Million Position in John Hancock High Yield ETF $JHHY

NewEdge Wealth LLC purchased a new stake in John Hancock High Yield ETF (NYSEARCA:JHHY) in the fourth quarter, Holdings Channel reports. The firm purchased 155,868 shares of the company’s stock, valued at approximately $4,026,000. NewEdge Wealth LLC owned about 0.06% of John Hancock High Yield ETF at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JHHY. Kensington Asset Management LLC increased its holdings in shares of John Hancock High Yield ETF by 1,300.6% in the 3rd quarter. Kensington Asset Management LLC now owns 350,152 shares of the company’s stock valued at $9,146,000 after acquiring an additional 325,152 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of John Hancock High Yield ETF by 397.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 212,620 shares of the company’s stock valued at $5,486,000 after acquiring an additional 169,883 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of John Hancock High Yield ETF by 490.1% in the 1st quarter. Jane Street Group LLC now owns 53,826 shares of the company’s stock valued at $1,366,000 after acquiring an additional 44,704 shares during the last quarter. Daymark Wealth Partners LLC increased its holdings in shares of John Hancock High Yield ETF by 10.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 333,619 shares of the company’s stock valued at $8,617,000 after acquiring an additional 32,594 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of John Hancock High Yield ETF in the 3rd quarter valued at approximately $511,000.

John Hancock High Yield ETF Trading Down 0.2%

Shares of NYSEARCA JHHY opened at $25.66 on Tuesday. John Hancock High Yield ETF has a twelve month low of $25.04 and a twelve month high of $26.33. The business has a 50 day simple moving average of $25.60 and a 200-day simple moving average of $25.84.

John Hancock High Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.0944 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, February 25th.

About John Hancock High Yield ETF

The John Hancock High Yield ETF (JHHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a diversified portfolio of US dollar-denominated high-yield corporate bonds. The fund aims to maximize income with capital growth as a secondary objective JHHY was launched on May 1, 2024 and is issued by John Hancock.