John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.89 and traded as low as $21.77. John Hancock Mortgage-Backed Securities ETF shares last traded at $21.83, with a volume of 4,821 shares traded.

John Hancock Mortgage-Backed Securities ETF Price Performance

The firm’s 50-day moving average is $21.95 and its 200-day moving average is $21.89.

John Hancock Mortgage-Backed Securities ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0857 per share. This is a positive change from John Hancock Mortgage-Backed Securities ETF’s previous dividend of $0.08. The ex-dividend date was Thursday, September 26th.

Institutional Trading of John Hancock Mortgage-Backed Securities ETF

Several institutional investors have recently added to or reduced their stakes in the business. Nottingham Advisors Inc. purchased a new stake in John Hancock Mortgage-Backed Securities ETF during the third quarter valued at about $261,000. Cabot Wealth Management Inc. boosted its position in John Hancock Mortgage-Backed Securities ETF by 10.3% during the third quarter. Cabot Wealth Management Inc. now owns 684,737 shares of the company’s stock valued at $15,304,000 after buying an additional 63,867 shares during the period. Granite Bay Wealth Management LLC purchased a new stake in John Hancock Mortgage-Backed Securities ETF during the second quarter valued at about $10,081,000. Fidelity D & D Bancorp Inc. boosted its position in John Hancock Mortgage-Backed Securities ETF by 19.5% during the second quarter. Fidelity D & D Bancorp Inc. now owns 162,578 shares of the company’s stock valued at $3,495,000 after buying an additional 26,478 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in John Hancock Mortgage-Backed Securities ETF by 216.4% during the second quarter. Commonwealth Equity Services LLC now owns 45,847 shares of the company’s stock valued at $986,000 after buying an additional 31,359 shares during the period.

About John Hancock Mortgage-Backed Securities ETF

The John Hancock Mortgage Backed Securities ETF (JHMB) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is actively managed and primarily invests in investment grade mortgage-backed securities issued or guaranteed by U.S. government and private entities with no specific limit to maturity.