1620 Investment Advisors Inc. Has $1.18 Million Holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

1620 Investment Advisors Inc. boosted its holdings in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,159 shares of the company’s stock after acquiring an additional 2,419 shares during the period. John Hancock Preferred Income ETF makes up approximately 0.9% of 1620 Investment Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. 1620 Investment Advisors Inc. owned 2.98% of John Hancock Preferred Income ETF worth $1,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JHPI. Empire Financial Management Company LLC lifted its holdings in John Hancock Preferred Income ETF by 5.5% during the third quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock worth $222,000 after acquiring an additional 500 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in John Hancock Preferred Income ETF by 25.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,709 shares of the company’s stock worth $444,000 after acquiring an additional 3,957 shares in the last quarter. Quad Cities Investment Group LLC lifted its holdings in John Hancock Preferred Income ETF by 6.8% during the fourth quarter. Quad Cities Investment Group LLC now owns 20,063 shares of the company’s stock worth $452,000 after acquiring an additional 1,279 shares in the last quarter. Beacon Financial Advisory LLC lifted its holdings in John Hancock Preferred Income ETF by 2.6% during the fourth quarter. Beacon Financial Advisory LLC now owns 35,763 shares of the company’s stock worth $806,000 after acquiring an additional 919 shares in the last quarter. Finally, Zacks Investment Management bought a new position in John Hancock Preferred Income ETF during the third quarter worth about $2,156,000.

John Hancock Preferred Income ETF Trading Up 0.1 %

JHPI stock opened at $22.70 on Friday. The business’s 50-day moving average price is $22.68 and its two-hundred day moving average price is $22.92. The firm has a market cap of $56.30 million, a PE ratio of 2.83 and a beta of 0.42. John Hancock Preferred Income ETF has a 1-year low of $21.77 and a 1-year 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.