Meridian Wealth Management LLC Acquires Shares of 55,425 John Hancock Preferred Income ETF $JHPI

Meridian Wealth Management LLC bought a new position in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,425 shares of the company’s stock, valued at approximately $1,284,000. Meridian Wealth Management LLC owned about 1.04% of John Hancock Preferred Income ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Osaic Holdings Inc. raised its holdings in shares of John Hancock Preferred Income ETF by 109.7% in the second quarter. Osaic Holdings Inc. now owns 59,760 shares of the company’s stock valued at $1,347,000 after buying an additional 31,264 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in John Hancock Preferred Income ETF during the 2nd quarter worth $220,000. Janney Montgomery Scott LLC lifted its stake in shares of John Hancock Preferred Income ETF by 4.1% in the second quarter. Janney Montgomery Scott LLC now owns 89,975 shares of the company’s stock valued at $2,028,000 after purchasing an additional 3,515 shares during the period. FFG Retirement Advisors LLC purchased a new position in John Hancock Preferred Income ETF in the third quarter valued at about $3,957,000. Finally, Robbins Farley lifted its position in shares of John Hancock Preferred Income ETF by 20.2% during the 3rd quarter. Robbins Farley now owns 145,349 shares of the company’s stock valued at $3,368,000 after acquiring an additional 24,466 shares during the period.

John Hancock Preferred Income ETF Stock Performance

Shares of JHPI stock opened at $23.05 on Tuesday. John Hancock Preferred Income ETF has a 1 year low of $21.57 and a 1 year high of $23.56. The stock has a market cap of $146.37 million, a PE ratio of 60.41 and a beta of 0.40. The stock has a fifty day moving average price of $22.99 and a 200 day moving average price of $23.03.

John Hancock Preferred Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.0452 per share. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, January 28th.

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.