Beacon Financial Advisory LLC Has $810,000 Position in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Beacon Financial Advisory LLC lifted its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 1.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 34,844 shares of the company’s stock after purchasing an additional 594 shares during the period. Beacon Financial Advisory LLC’s holdings in John Hancock Preferred Income ETF were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of John Hancock Preferred Income ETF by 5.0% in the third quarter. Janney Montgomery Scott LLC now owns 94,435 shares of the company’s stock worth $2,195,000 after purchasing an additional 4,535 shares during the period. Farther Finance Advisors LLC bought a new position in John Hancock Preferred Income ETF in the 3rd quarter worth approximately $114,000. 1620 Investment Advisors Inc. lifted its holdings in shares of John Hancock Preferred Income ETF by 2.9% during the third quarter. 1620 Investment Advisors Inc. now owns 49,740 shares of the company’s stock worth $1,156,000 after buying an additional 1,383 shares during the last quarter. Quad Cities Investment Group LLC boosted its position in shares of John Hancock Preferred Income ETF by 9.5% in the third quarter. Quad Cities Investment Group LLC now owns 18,784 shares of the company’s stock valued at $437,000 after acquiring an additional 1,623 shares during the period. Finally, CWM LLC grew its stake in shares of John Hancock Preferred Income ETF by 43.0% in the third quarter. CWM LLC now owns 5,066 shares of the company’s stock worth $118,000 after acquiring an additional 1,523 shares during the last quarter.

John Hancock Preferred Income ETF Trading Up 0.2 %

NYSEARCA:JHPI opened at $23.13 on Wednesday. John Hancock Preferred Income ETF has a one year low of $20.49 and a one year high of $23.49. The company has a fifty day moving average price of $23.14 and a 200 day moving average price of $22.66.

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.