Osaic Holdings Inc. Buys 31,264 Shares of John Hancock Preferred Income ETF $JHPI

Osaic Holdings Inc. raised its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 109.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,760 shares of the company’s stock after buying an additional 31,264 shares during the quarter. Osaic Holdings Inc. owned about 1.59% of John Hancock Preferred Income ETF worth $1,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ORG Partners LLC bought a new position in John Hancock Preferred Income ETF in the 2nd quarter valued at $34,000. Envestnet Asset Management Inc. bought a new stake in shares of John Hancock Preferred Income ETF in the 2nd quarter valued at about $220,000. Stonebridge Financial Planning Group LLC boosted its stake in shares of John Hancock Preferred Income ETF by 14.7% during the second quarter. Stonebridge Financial Planning Group LLC now owns 10,650 shares of the company’s stock valued at $240,000 after purchasing an additional 1,368 shares during the period. Leading Edge Financial Planning LLC grew its holdings in John Hancock Preferred Income ETF by 7.4% in the 2nd quarter. Leading Edge Financial Planning LLC now owns 11,185 shares of the company’s stock worth $252,000 after acquiring an additional 771 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of John Hancock Preferred Income ETF by 15.3% in the second quarter. J.W. Cole Advisors Inc. now owns 19,222 shares of the company’s stock worth $433,000 after purchasing an additional 2,547 shares during the last quarter.

John Hancock Preferred Income ETF Trading Down 0.1%

Shares of John Hancock Preferred Income ETF stock opened at $22.84 on Thursday. The company’s fifty day simple moving average is $23.00 and its two-hundred day simple moving average is $22.96. The company has a market cap of $121.51 million, a P/E ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a 12-month low of $21.57 and a 12-month high of $23.56.

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.