Envestnet Asset Management Inc. Takes $4.01 Million Position in John Hancock High Yield ETF (NYSEARCA:JHHY)

Envestnet Asset Management Inc. bought a new position in shares of John Hancock High Yield ETF (NYSEARCA:JHHY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 157,686 shares of the company’s stock, valued at approximately $4,010,000. Envestnet Asset Management Inc. owned approximately 13.14% of John Hancock High Yield ETF as of its most recent filing with the Securities and Exchange Commission.

John Hancock High Yield ETF Stock Up 0.8 %

Shares of JHHY stock opened at $25.17 on Thursday. John Hancock High Yield ETF has a fifty-two week low of $24.36 and a fifty-two week high of $26.30. The firm’s 50 day moving average price is $25.37 and its two-hundred day moving average price is $25.69.

John Hancock High Yield ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1499 per share. This is a boost from John Hancock High Yield ETF’s previous dividend of $0.05. The ex-dividend date was Thursday, March 27th.

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.