Private Advisor Group LLC Grows Position in John Hancock Preferred Income ETF $JHPI

Private Advisor Group LLC raised its holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 421.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 758,690 shares of the company’s stock after acquiring an additional 613,277 shares during the quarter. Private Advisor Group LLC owned 14.26% of John Hancock Preferred Income ETF worth $17,579,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of John Hancock Preferred Income ETF during the 3rd quarter worth $50,000. Capital Advisors Ltd. LLC lifted its stake in shares of John Hancock Preferred Income ETF by 93.2% in the third quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after purchasing an additional 3,599 shares during the period. Envestnet Asset Management Inc. purchased a new stake in John Hancock Preferred Income ETF during the second quarter worth about $220,000. J.W. Cole Advisors Inc. boosted its holdings in John Hancock Preferred Income ETF by 15.3% during the second quarter. J.W. Cole Advisors Inc. now owns 19,222 shares of the company’s stock worth $433,000 after buying an additional 2,547 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new position in John Hancock Preferred Income ETF during the second quarter worth about $452,000.

John Hancock Preferred Income ETF Trading Down 0.0%

Shares of John Hancock Preferred Income ETF stock opened at $23.03 on Wednesday. John Hancock Preferred Income ETF has a 12-month low of $21.57 and a 12-month high of $23.56. The stock has a market cap of $147.39 million, a PE ratio of 60.41 and a beta of 0.40. The company has a 50-day moving average of $23.10 and a two-hundred day moving average of $23.10.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.0365 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%.

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.