John Hancock Preferred Income ETF (NYSEARCA:JHPI) Position Raised by Robbins Farley

Robbins Farley grew its position in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 117,380 shares of the company’s stock after purchasing an additional 3,760 shares during the quarter. Robbins Farley owned 0.07% of John Hancock Preferred Income ETF worth $2,644,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in John Hancock Preferred Income ETF in the 3rd quarter valued at about $114,000. CWM LLC increased its stake in shares of John Hancock Preferred Income ETF by 43.0% in the third quarter. CWM LLC now owns 5,066 shares of the company’s stock valued at $118,000 after purchasing an additional 1,523 shares during the period. Empire Financial Management Company LLC raised its holdings in shares of John Hancock Preferred Income ETF by 5.5% during the third quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock valued at $222,000 after buying an additional 500 shares during the last quarter. Quad Cities Investment Group LLC boosted its position in shares of John Hancock Preferred Income ETF by 9.5% during the third quarter. Quad Cities Investment Group LLC now owns 18,784 shares of the company’s stock worth $437,000 after buying an additional 1,623 shares during the period. Finally, Beacon Financial Advisory LLC grew its holdings in John Hancock Preferred Income ETF by 1.7% in the 3rd quarter. Beacon Financial Advisory LLC now owns 34,844 shares of the company’s stock worth $810,000 after buying an additional 594 shares in the last quarter.

John Hancock Preferred Income ETF Stock Performance

JHPI opened at $22.64 on Tuesday. The stock’s 50 day moving average price is $22.78 and its 200 day moving average price is $22.90. John Hancock Preferred Income ETF has a 12 month low of $21.77 and a 12 month high of $23.49.

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.