HighTower Advisors LLC Takes $513,000 Position in John Hancock Preferred Income ETF $JHPI

HighTower Advisors LLC acquired a new stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 22,912 shares of the company’s stock, valued at approximately $513,000. HighTower Advisors LLC owned 0.70% of John Hancock Preferred Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JHPI. Bank of America Corp DE grew 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 acquiring an additional 14,279 shares during the period. Granite Bay Wealth Management LLC grew 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 acquiring an additional 43,473 shares during the period. Janney Montgomery Scott LLC grew 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 acquiring an additional 5,975 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of John Hancock Preferred Income ETF in the 1st quarter valued at about $380,000. Finally, Leading Edge Financial Planning LLC bought a new position in shares of John Hancock Preferred Income ETF in the 1st quarter valued at about $233,000.

John Hancock Preferred Income ETF Stock Performance

NYSEARCA JHPI opened at $22.93 on Friday. The firm has a 50-day moving average of $22.74 and a 200-day moving average of $22.50. The stock has a market cap of $85.99 million, a PE ratio of 60.41 and a beta of 0.38. John Hancock Preferred Income ETF has a 52-week low of $21.57 and a 52-week 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.