John Hancock Preferred Income ETF $JHPI Shares Bought by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC boosted its holdings in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 769,129 shares of the company’s stock after purchasing an additional 62,491 shares during the period. John Hancock Preferred Income ETF comprises approximately 4.2% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Granite Bay Wealth Management LLC owned approximately 0.12% of John Hancock Preferred Income ETF worth $17,565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in John Hancock Preferred Income ETF during the third quarter valued at $50,000. International Assets Investment Management LLC acquired a new position in John Hancock Preferred Income ETF during the fourth quarter valued at $75,000. Farther Finance Advisors LLC lifted its position in John Hancock Preferred Income ETF by 114.6% during 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. Capital Advisors Ltd. LLC lifted its position in John Hancock Preferred Income ETF by 47.1% during 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 during the period. Finally, Compass Ion Advisors LLC acquired a new position in John Hancock Preferred Income ETF during the fourth quarter valued at $264,000.

John Hancock Preferred Income ETF Price Performance

NYSEARCA JHPI opened at $22.98 on Friday. The company has a market capitalization of $179.24 million, a PE ratio of 60.41 and a beta of 0.38. The company has a fifty day moving average of $22.91 and a 200 day moving average of $23.00. John Hancock Preferred Income ETF has a 1 year low of $22.12 and a 1 year high of $23.56.

John Hancock Preferred Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were given 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 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.