Commonwealth Equity Services LLC Grows Position in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Commonwealth Equity Services LLC boosted its holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,709 shares of the company’s stock after buying an additional 3,957 shares during the quarter. Commonwealth Equity Services LLC’s holdings in John Hancock Preferred Income ETF were worth $444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Empire Financial Management Company LLC grew its stake in shares of John Hancock Preferred Income ETF by 5.5% in the third quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock worth $222,000 after acquiring an additional 500 shares during the period. Quad Cities Investment Group LLC boosted its holdings in John Hancock Preferred Income ETF by 6.8% in the fourth quarter. Quad Cities Investment Group LLC now owns 20,063 shares of the company’s stock worth $452,000 after purchasing an additional 1,279 shares during the last quarter. Beacon Financial Advisory LLC grew its position in John Hancock Preferred Income ETF by 2.6% in the 4th quarter. Beacon Financial Advisory LLC now owns 35,763 shares of the company’s stock worth $806,000 after purchasing an additional 919 shares during the period. Zacks Investment Management bought a new stake in John Hancock Preferred Income ETF in the 3rd quarter worth approximately $2,156,000. Finally, Atria Investments Inc raised its stake in John Hancock Preferred Income ETF by 5.1% during the 4th quarter. Atria Investments Inc now owns 96,184 shares of the company’s stock valued at $2,167,000 after buying an additional 4,676 shares during the last quarter.

John Hancock Preferred Income ETF Price Performance

JHPI stock opened at $22.06 on Friday. John Hancock Preferred Income ETF has a 1 year low of $21.77 and a 1 year high of $23.49. The company has a market cap of $60.67 million, a P/E ratio of 2.85 and a beta of 0.42. The stock’s fifty day moving average price is $22.66 and its 200-day moving average price is $22.88.

John Hancock Preferred Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1372 dividend. This is a boost from John Hancock Preferred Income ETF’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th.

About John Hancock Preferred Income ETF

The John Hancock Preferred Income ETF (JHPI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by primarily investing in preferred securities in the US market. JHPI was launched on Dec 14, 2021 and is managed by John Hancock.