John Hancock Preferred Income ETF $JHPI Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC boosted its stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 421.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 758,690 shares of the company’s stock after buying an additional 613,277 shares during the quarter. Private Advisor Group LLC owned approximately 0.14% of John Hancock Preferred Income ETF worth $17,579,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Beacon Financial Advisory LLC increased its position in John Hancock Preferred Income ETF by 1.2% during the third quarter. Beacon Financial Advisory LLC now owns 37,092 shares of the company’s stock worth $859,000 after buying an additional 446 shares in the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of John Hancock Preferred Income ETF by 3.1% in the third quarter. 1620 Investment Advisors Inc. now owns 59,087 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,779 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of John Hancock Preferred Income ETF in the third quarter valued at $50,000. J.W. Cole Advisors Inc. boosted its stake in shares of 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 valued at $433,000 after acquiring an additional 2,547 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of John Hancock Preferred Income ETF by 93.2% during the third quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after acquiring an additional 3,599 shares during the last quarter.

John Hancock Preferred Income ETF Trading Down 0.0%

John Hancock Preferred Income ETF stock opened at $23.03 on Wednesday. The stock has a 50-day moving average price of $23.10 and a 200 day moving average price of $23.10. John Hancock Preferred Income ETF has a 52 week low of $21.57 and a 52 week 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.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.0365 per share. 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.