International Assets Investment Management LLC Takes Position in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

International Assets Investment Management LLC purchased a new position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,510 shares of the company’s stock, valued at approximately $141,000.

Several other hedge funds have also recently bought and sold shares of JHPI. Fortitude Family Office LLC purchased a new stake in John Hancock Preferred Income ETF during the fourth quarter worth $47,000. Commonwealth Equity Services LLC acquired a new position in shares of John Hancock Preferred Income ETF during the 3rd quarter worth $248,000. Quad Cities Investment Group LLC boosted its position in shares of John Hancock Preferred Income ETF by 13.4% in the 4th quarter. Quad Cities Investment Group LLC now owns 14,551 shares of the company’s stock worth $316,000 after buying an additional 1,714 shares in the last quarter. 3EDGE Asset Management LP grew its stake in John Hancock Preferred Income ETF by 7.9% in the 4th quarter. 3EDGE Asset Management LP now owns 55,835 shares of the company’s stock valued at $1,212,000 after acquiring an additional 4,070 shares during the last quarter. Finally, Robbins Farley increased its holdings in John Hancock Preferred Income ETF by 21.2% during the 3rd quarter. Robbins Farley now owns 79,660 shares of the company’s stock valued at $1,652,000 after acquiring an additional 13,948 shares in the last quarter.

John Hancock Preferred Income ETF Stock Up 0.5 %

Shares of NYSEARCA JHPI opened at $22.00 on Tuesday. The firm’s 50-day moving average is $22.26 and its two-hundred day moving average is $21.64. John Hancock Preferred Income ETF has a 12-month low of $19.86 and a 12-month high of $22.61.

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.