1620 Investment Advisors Inc. Acquires 2,419 Shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI)

1620 Investment Advisors Inc. boosted its holdings in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 52,159 shares of the company’s stock after buying an additional 2,419 shares during the period. John Hancock Preferred Income ETF accounts for about 0.9% of 1620 Investment Advisors Inc.’s holdings, making the stock its 21st largest position. 1620 Investment Advisors Inc.’s holdings in John Hancock Preferred Income ETF were worth $1,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empire Financial Management Company LLC lifted its stake in shares of John Hancock Preferred Income ETF by 5.5% in the 3rd quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock valued at $222,000 after acquiring an additional 500 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of John Hancock Preferred Income ETF by 25.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,709 shares of the company’s stock valued at $444,000 after acquiring an additional 3,957 shares during the last quarter. Quad Cities Investment Group LLC lifted its stake in shares of John Hancock Preferred Income ETF by 6.8% in the 4th quarter. Quad Cities Investment Group LLC now owns 20,063 shares of the company’s stock valued at $452,000 after acquiring an additional 1,279 shares during the last quarter. Beacon Financial Advisory LLC lifted its stake in shares of John Hancock Preferred Income ETF by 2.6% in the 4th quarter. Beacon Financial Advisory LLC now owns 35,763 shares of the company’s stock valued at $806,000 after acquiring an additional 919 shares during the last quarter. Finally, Zacks Investment Management bought a new position in shares of John Hancock Preferred Income ETF in the 3rd quarter valued at $2,156,000.

John Hancock Preferred Income ETF Stock Up 0.1 %

NYSEARCA JHPI opened at $22.70 on Friday. The company has a market capitalization of $56.30 million, a price-to-earnings ratio of 2.83 and a beta of 0.42. John Hancock Preferred Income ETF has a twelve month low of $21.77 and a twelve month high of $23.49. The stock has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $22.92.

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.