Cabot Wealth Management Inc. Purchases 662,690 Shares of John Hancock Mortgage-Backed Securities ETF $JHMB

Cabot Wealth Management Inc. purchased a new position in shares of John Hancock Mortgage-Backed Securities ETF (NYSEARCA:JHMB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 662,690 shares of the company’s stock, valued at approximately $13,777,000. John Hancock Mortgage-Backed Securities ETF accounts for 1.3% of Cabot Wealth Management Inc.’s holdings, making the stock its 29th largest position. Cabot Wealth Management Inc. owned about 7.01% of John Hancock Mortgage-Backed Securities ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC raised its holdings in shares of John Hancock Mortgage-Backed Securities ETF by 2.6% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 447,645 shares of the company’s stock valued at $9,307,000 after buying an additional 11,325 shares during the period. Commonwealth Equity Services LLC purchased a new position in John Hancock Mortgage-Backed Securities ETF during the 3rd quarter valued at about $7,424,000. Iams Wealth Management LLC grew its position in John Hancock Mortgage-Backed Securities ETF by 11.3% in the 3rd quarter. Iams Wealth Management LLC now owns 164,039 shares of the company’s stock valued at $3,410,000 after acquiring an additional 16,620 shares in the last quarter. J. R. Prunier Capital Management LLC grew its position in John Hancock Mortgage-Backed Securities ETF by 26.5% in the 1st quarter. J. R. Prunier Capital Management LLC now owns 78,499 shares of the company’s stock valued at $1,728,000 after acquiring an additional 16,427 shares in the last quarter. Finally, Cadence Wealth Management LLC grew its position in John Hancock Mortgage-Backed Securities ETF by 14.5% in the 1st quarter. Cadence Wealth Management LLC now owns 14,529 shares of the company’s stock valued at $320,000 after acquiring an additional 1,845 shares in the last quarter.

John Hancock Mortgage-Backed Securities ETF Trading Down 0.0%

Shares of NYSEARCA:JHMB opened at $21.15 on Thursday. The firm’s 50-day moving average is $21.11 and its two-hundred day moving average is $21.77. John Hancock Mortgage-Backed Securities ETF has a 1 year low of $20.59 and a 1 year high of $22.57.

John Hancock Mortgage-Backed Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were issued a $0.0949 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from John Hancock Mortgage-Backed Securities ETF’s previous monthly dividend of $0.0837. The ex-dividend date was Wednesday, October 28th.

John Hancock Mortgage-Backed Securities ETF Profile

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. JHMB was launched on Aug 19, 2021 and is managed by John Hancock.