55,425 Shares in John Hancock Preferred Income ETF $JHPI Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC purchased a new position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) in the third quarter, Holdings Channel reports. The fund purchased 55,425 shares of the company’s stock, valued at approximately $1,284,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JHPI. FFG Retirement Advisors LLC bought a new position in John Hancock Preferred Income ETF during the 3rd quarter worth approximately $3,957,000. Granite Bay Wealth Management LLC raised its position in shares of John Hancock Preferred Income ETF by 9.4% during the 3rd quarter. Granite Bay Wealth Management LLC now owns 706,638 shares of the company’s stock valued at $16,373,000 after acquiring an additional 60,486 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of John Hancock Preferred Income ETF by 109.7% during the 2nd quarter. Osaic Holdings Inc. now owns 59,760 shares of the company’s stock valued at $1,347,000 after acquiring an additional 31,264 shares in the last quarter. Etesian Wealth Advisors Inc. bought a new position in John Hancock Preferred Income ETF during the second quarter worth $589,000. Finally, Jane Street Group LLC boosted its holdings in John Hancock Preferred Income ETF by 261.4% in the first quarter. Jane Street Group LLC now owns 35,756 shares of the company’s stock worth $801,000 after purchasing an additional 25,861 shares during the period.

John Hancock Preferred Income ETF Price Performance

JHPI stock opened at $23.05 on Tuesday. The firm has a market cap of $146.37 million, a price-to-earnings ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 1-year low of $21.57 and a 1-year high of $23.56. The firm has a fifty day moving average price of $22.99 and a two-hundred day moving average price of $23.03.

John Hancock Preferred Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were given a dividend of $0.0452 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, January 28th.

John Hancock Preferred Income ETF 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.