Cwm LLC Acquires 11,336 Shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Cwm LLC raised its holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 206.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,840 shares of the company’s stock after purchasing an additional 11,336 shares during the period. Cwm LLC owned approximately 0.55% of John Hancock Preferred Income ETF worth $377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Granite Bay Wealth Management LLC raised its position in shares of John Hancock Preferred Income ETF by 8.0% in the 1st quarter. Granite Bay Wealth Management LLC now owns 589,250 shares of the company’s stock valued at $13,205,000 after buying an additional 43,473 shares in the last quarter. Bank of America Corp DE raised its position in shares of John Hancock Preferred Income ETF by 9.1% in the 4th quarter. Bank of America Corp DE now owns 170,924 shares of the company’s stock valued at $3,850,000 after buying an additional 14,279 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of John Hancock Preferred Income ETF by 7.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 86,460 shares of the company’s stock valued at $1,938,000 after buying an additional 5,975 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of John Hancock Preferred Income ETF in the 4th quarter valued at approximately $942,000. Finally, Commonwealth Equity Services LLC raised its position 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 buying an additional 3,957 shares in the last quarter.

John Hancock Preferred Income ETF Trading Up 0.1%

Shares of NYSEARCA:JHPI opened at $22.70 on Friday. The firm has a 50 day moving average of $22.50 and a 200-day moving average of $22.46. The stock has a market capitalization of $84.56 million, a PE ratio of 60.41 and a beta of 0.38. John Hancock Preferred Income ETF has a 12 month low of $21.57 and a 12 month 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.