Janney Montgomery Scott LLC cut its holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI – Free Report) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,485 shares of the company’s stock after selling 13,950 shares during the period. Janney Montgomery Scott LLC’s holdings in John Hancock Preferred Income ETF were worth $1,813,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in JHPI. Zacks Investment Management purchased a new position in John Hancock Preferred Income ETF during the third quarter valued at $2,156,000. Sanctuary Advisors LLC purchased a new stake in shares of John Hancock Preferred Income ETF in the second quarter worth about $1,942,000. Granite Bay Wealth Management LLC boosted its stake in John Hancock Preferred Income ETF by 5.2% during the fourth quarter. Granite Bay Wealth Management LLC now owns 545,777 shares of the company’s stock valued at $12,294,000 after buying an additional 26,827 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of John Hancock Preferred Income ETF in the third quarter valued at $114,000. Finally, Atria Investments Inc increased its position in John Hancock Preferred Income ETF by 3.9% in the third quarter. Atria Investments Inc now owns 91,508 shares of the company’s stock worth $2,127,000 after purchasing an additional 3,417 shares during the last quarter.
John Hancock Preferred Income ETF Price Performance
Shares of NYSEARCA:JHPI opened at $22.70 on Monday. The firm has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $22.90. John Hancock Preferred Income ETF has a 52 week low of $21.77 and a 52 week 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.
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