John Hancock Preferred Income ETF (NYSEARCA:JHPI) Stake Lifted by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC grew its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 545,777 shares of the company’s stock after purchasing an additional 26,827 shares during the quarter. John Hancock Preferred Income ETF accounts for 4.6% of Granite Bay Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Granite Bay Wealth Management LLC owned 31.19% of John Hancock Preferred Income ETF worth $12,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC lifted its holdings in John Hancock Preferred Income ETF by 7.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 95,675 shares of the company’s stock worth $2,210,000 after buying an additional 7,008 shares in the last quarter. Empire Financial Management Company LLC boosted its holdings in John Hancock Preferred Income ETF by 5.5% in the third quarter. Empire Financial Management Company LLC now owns 9,567 shares of the company’s stock valued at $222,000 after purchasing an additional 500 shares during the last quarter. Zacks Investment Management acquired a new stake in John Hancock Preferred Income ETF during the 3rd quarter valued at approximately $2,156,000. Atria Investments Inc raised its position in shares of John Hancock Preferred Income ETF by 3.9% in the 3rd quarter. Atria Investments Inc now owns 91,508 shares of the company’s stock valued at $2,127,000 after purchasing an additional 3,417 shares in the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in shares of John Hancock Preferred Income ETF by 1.7% during the 3rd quarter. Beacon Financial Advisory LLC now owns 34,844 shares of the company’s stock valued at $810,000 after buying an additional 594 shares during the last quarter.

John Hancock Preferred Income ETF Stock Performance

Shares of NYSEARCA:JHPI opened at $22.23 on Tuesday. The company has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $22.88. John Hancock Preferred Income ETF has a 12-month low of $21.70 and a 12-month high of $23.49.

About John Hancock Preferred Income ETF

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.