Quad Cities Investment Group LLC Has $452,000 Stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Quad Cities Investment Group LLC lifted its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 6.8% during the fourth quarter, Holdings Channel reports. The fund owned 20,063 shares of the company’s stock after buying an additional 1,279 shares during the quarter. Quad Cities Investment Group LLC’s holdings in John Hancock Preferred Income ETF were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of JHPI. Farther Finance Advisors LLC bought a new position in shares of John Hancock Preferred Income ETF during the 3rd quarter worth about $114,000. CWM LLC raised its stake in John Hancock Preferred Income ETF by 43.0% during the 3rd quarter. CWM LLC now owns 5,066 shares of the company’s stock worth $118,000 after buying an additional 1,523 shares during the period. 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 worth $222,000 after acquiring an additional 500 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in John Hancock Preferred Income ETF by 1.7% in the third quarter. Beacon Financial Advisory LLC now owns 34,844 shares of the company’s stock valued at $810,000 after acquiring an additional 594 shares during the period. Finally, 1620 Investment Advisors Inc. increased 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 valued at $1,156,000 after acquiring an additional 1,383 shares in the last quarter.

John Hancock Preferred Income ETF Stock Performance

Shares of JHPI stock opened at $22.23 on Tuesday. The firm has a fifty day simple moving average of $22.91 and a two-hundred 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.

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.