IFS Group LLC Acquires New Stake in John Hancock Preferred Income ETF $JHPI

IFS Group LLC bought a new position in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 36,450 shares of the company’s stock, valued at approximately $823,000. IFS Group LLC owned approximately 0.47% of John Hancock Preferred Income ETF at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in John Hancock Preferred Income ETF in the 4th quarter valued at about $48,000. International Assets Investment Management LLC purchased a new position in shares of John Hancock Preferred Income ETF in the fourth quarter valued at approximately $75,000. Farther Finance Advisors LLC boosted its stake in shares of John Hancock Preferred Income ETF by 114.6% in the fourth quarter. Farther Finance Advisors LLC now owns 7,829 shares of the company’s stock valued at $179,000 after purchasing an additional 4,180 shares during the period. Spire Wealth Management grew its holdings in shares of John Hancock Preferred Income ETF by 279.1% in the fourth quarter. Spire Wealth Management now owns 8,150 shares of the company’s stock valued at $186,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of John Hancock Preferred Income ETF by 47.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 10,974 shares of the company’s stock valued at $251,000 after purchasing an additional 3,512 shares in the last quarter.

John Hancock Preferred Income ETF Stock Down 0.7%

Shares of JHPI opened at $22.51 on Thursday. The company has a market cap of $211.59 million, a P/E ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a fifty-two week low of $22.42 and a fifty-two week high of $23.56. The firm’s 50 day moving average price is $22.78 and its 200 day moving average price is $22.92.

About John Hancock Preferred Income ETF

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.