Beacon Financial Advisory LLC Grows Position in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Beacon Financial Advisory LLC grew its stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,763 shares of the company’s stock after acquiring an additional 919 shares during the quarter. Beacon Financial Advisory LLC’s holdings in John Hancock Preferred Income ETF were worth $806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Granite Bay Wealth Management LLC raised its stake in John Hancock Preferred Income ETF by 5.2% in the 4th quarter. Granite Bay Wealth Management LLC now owns 545,777 shares of the company’s stock valued at $12,294,000 after purchasing an additional 26,827 shares during the last quarter. Robbins Farley boosted its stake in shares of John Hancock Preferred Income ETF by 3.3% during the 4th quarter. Robbins Farley now owns 117,380 shares of the company’s stock worth $2,644,000 after purchasing an additional 3,760 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of John Hancock Preferred Income ETF by 7.9% during the third quarter. Sanctuary Advisors LLC now owns 95,675 shares of the company’s stock worth $2,210,000 after buying an additional 7,008 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of John Hancock Preferred Income ETF by 5.0% in the third quarter. Janney Montgomery Scott LLC now owns 94,435 shares of the company’s stock valued at $2,195,000 after buying an additional 4,535 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of John Hancock Preferred Income ETF during the third quarter valued at approximately $2,156,000.

John Hancock Preferred Income ETF Stock Performance

Shares of NYSEARCA JHPI opened at $22.77 on Thursday. The firm’s 50 day moving average price is $22.77 and its 200 day moving average price is $22.90. John Hancock Preferred Income ETF has a 1 year low of $21.77 and a 1 year high of $23.49.

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.