John Hancock Preferred Income ETF $JHPI Stock Holdings Boosted by Granite Bay Wealth Management LLC

Granite Bay Wealth Management LLC raised its stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 6.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 815,457 shares of the company’s stock after purchasing an additional 46,328 shares during the quarter. John Hancock Preferred Income ETF comprises approximately 3.9% of Granite Bay Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Granite Bay Wealth Management LLC owned approximately 10.62% of John Hancock Preferred Income ETF worth $18,398,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in JHPI. Etesian Wealth Advisors Inc. increased its holdings in shares of John Hancock Preferred Income ETF by 1.6% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 47,304 shares of the company’s stock worth $1,068,000 after buying an additional 741 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new position in John Hancock Preferred Income ETF in the first quarter valued at $303,000. Robbins Farley boosted its holdings in John Hancock Preferred Income ETF by 3.1% in the first quarter. Robbins Farley now owns 158,882 shares of the company’s stock valued at $3,588,000 after acquiring an additional 4,761 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in John Hancock Preferred Income ETF by 14.8% in the first quarter. Capital Advisors Ltd. LLC now owns 12,599 shares of the company’s stock valued at $284,000 after acquiring an additional 1,625 shares during the last quarter. Finally, BDFS Capital LLC purchased a new stake in John Hancock Preferred Income ETF during the fourth quarter valued at about $3,362,000.

John Hancock Preferred Income ETF Price Performance

Shares of NYSEARCA:JHPI opened at $22.73 on Friday. John Hancock Preferred Income ETF has a 12 month low of $22.42 and a 12 month high of $23.56. The business has a 50-day moving average of $22.84 and a two-hundred day moving average of $22.95. The firm has a market capitalization of $209.12 million, a PE ratio of 60.41 and a beta of 0.37.

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.