John Hancock Preferred Income ETF $JHPI Shares Purchased by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC raised its holdings in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 6.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 815,457 shares of the company’s stock after buying an additional 46,328 shares during the period. John Hancock Preferred Income ETF makes up approximately 3.9% of Granite Bay Wealth Management LLC’s portfolio, making the stock its 8th largest position. Granite Bay Wealth Management LLC owned 0.11% of John Hancock Preferred Income ETF worth $18,398,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of John Hancock Preferred Income ETF during the 4th quarter worth about $48,000. International Assets Investment Management LLC bought a new position in John Hancock Preferred Income ETF in the fourth quarter valued at approximately $75,000. Farther Finance Advisors LLC increased its position in shares of John Hancock Preferred Income ETF by 114.6% during the 4th quarter. Farther Finance Advisors LLC now owns 7,829 shares of the company’s stock worth $179,000 after purchasing an additional 4,180 shares during the last quarter. Spire Wealth Management raised its stake in shares of John Hancock Preferred Income ETF by 279.1% during the 4th quarter. Spire Wealth Management now owns 8,150 shares of the company’s stock worth $186,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of John Hancock Preferred Income ETF by 47.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 10,974 shares of the company’s stock valued at $251,000 after buying an additional 3,512 shares during the last quarter.

John Hancock Preferred Income ETF Trading Up 0.0%

Shares of JHPI opened at $22.73 on Friday. The company has a market cap of $209.12 million, a price-to-earnings ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a 1-year low of $22.42 and a 1-year high of $23.56. The company’s fifty day simple moving average is $22.84 and its 200 day simple moving average is $22.95.

John Hancock Preferred Income ETF Company Profile

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.