Janney Montgomery Scott LLC Purchases 3,515 Shares of John Hancock Preferred Income ETF $JHPI

Janney Montgomery Scott LLC lifted its position in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 4.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,975 shares of the company’s stock after buying an additional 3,515 shares during the quarter. Janney Montgomery Scott LLC owned approximately 2.45% of John Hancock Preferred Income ETF worth $2,028,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new position in John Hancock Preferred Income ETF in the 1st quarter worth approximately $380,000. CWM LLC grew its holdings in John Hancock Preferred Income ETF by 206.0% during the 1st quarter. CWM LLC now owns 16,840 shares of the company’s stock valued at $377,000 after buying an additional 11,336 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of John Hancock Preferred Income ETF during the first quarter valued at approximately $513,000. LPL Financial LLC lifted its holdings in shares of John Hancock Preferred Income ETF by 564.7% in the first quarter. LPL Financial LLC now owns 73,591 shares of the company’s stock worth $1,649,000 after buying an additional 62,520 shares in the last quarter. Finally, Leading Edge Financial Planning LLC purchased a new position in shares of John Hancock Preferred Income ETF in the first quarter worth $233,000.

John Hancock Preferred Income ETF Stock Down 0.7%

Shares of JHPI stock opened at $23.13 on Friday. The company’s fifty day simple moving average is $23.11 and its two-hundred day simple moving average is $22.61. John Hancock Preferred Income ETF has a 52 week low of $21.57 and a 52 week high of $23.50. The stock has a market cap of $121.43 million, a P/E ratio of 60.41 and a beta of 0.38.

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.