IFS Group LLC Makes New $823,000 Investment in John Hancock Preferred Income ETF $JHPI

IFS Group LLC purchased a new stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) during the first quarter, Holdings Channel reports. The institutional investor purchased 36,450 shares of the company’s stock, valued at approximately $823,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Financial Advisory LLC increased its stake in shares of John Hancock Preferred Income ETF by 2.0% during the fourth quarter. Beacon Financial Advisory LLC now owns 37,833 shares of the company’s stock worth $864,000 after buying an additional 741 shares during the period. Etesian Wealth Advisors Inc. raised its holdings in John Hancock Preferred Income ETF by 1.6% in the first quarter. Etesian Wealth Advisors Inc. now owns 47,304 shares of the company’s stock valued at $1,068,000 after acquiring an additional 741 shares in the last quarter. HighTower Advisors LLC lifted its stake in John Hancock Preferred Income ETF by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 35,626 shares of the company’s stock worth $814,000 after acquiring an additional 833 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in John Hancock Preferred Income ETF by 14.8% in the first quarter. Capital Advisors Ltd. LLC now owns 12,599 shares of the company’s stock worth $284,000 after acquiring an additional 1,625 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC grew its holdings in John Hancock Preferred Income ETF by 18.9% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 12,660 shares of the company’s stock worth $293,000 after acquiring an additional 2,010 shares in the last quarter.

John Hancock Preferred Income ETF Trading Down 0.7%

Shares of NYSEARCA:JHPI opened at $22.51 on Thursday. John Hancock Preferred Income ETF has a 52 week low of $22.42 and a 52 week high of $23.56. The company’s 50 day moving average is $22.78 and its two-hundred day moving average is $22.92. The company has a market cap of $211.59 million, a PE ratio of 60.41 and a beta of 0.37.

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.