Sanctuary Advisors LLC Has $2.21 Million Stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Sanctuary Advisors LLC increased its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 7.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,675 shares of the company’s stock after purchasing an additional 7,008 shares during the period. Sanctuary Advisors LLC owned approximately 5.47% of John Hancock Preferred Income ETF worth $2,210,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Granite Bay Wealth Management LLC raised its stake in shares of John Hancock Preferred Income ETF by 5.9% in the third quarter. Granite Bay Wealth Management LLC now owns 518,950 shares of the company’s stock worth $12,060,000 after purchasing an additional 28,911 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in John Hancock Preferred Income ETF by 5.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 94,435 shares of the company’s stock valued at $2,195,000 after acquiring an additional 4,535 shares in the last quarter. Zacks Investment Management bought a new position in John Hancock Preferred Income ETF during the 3rd quarter valued at $2,156,000. Atria Investments Inc boosted its holdings in John Hancock Preferred Income ETF by 3.9% during the 3rd quarter. Atria Investments Inc now owns 91,508 shares of the company’s stock worth $2,127,000 after acquiring an additional 3,417 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its holdings in John Hancock Preferred Income ETF by 2.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 49,740 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,383 shares during the last quarter.

John Hancock Preferred Income ETF Trading Down 0.5 %

Shares of JHPI stock opened at $22.87 on Thursday. The firm has a 50-day moving average of $23.11 and a 200-day moving average of $22.86. John Hancock Preferred Income ETF has a one year low of $21.57 and a one year high of $23.49.

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.