John Hancock Preferred Income ETF (NYSEARCA:JHPI) Position Lessened by Jane Street Group LLC

Jane Street Group LLC lowered its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 32.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,186 shares of the company’s stock after selling 10,181 shares during the quarter. Jane Street Group LLC owned approximately 1.21% of John Hancock Preferred Income ETF worth $492,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in John Hancock Preferred Income ETF by 5.0% in the 3rd 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 last quarter. Farther Finance Advisors LLC bought a new position in John Hancock Preferred Income ETF in the third quarter valued at about $114,000. Granite Bay Wealth Management LLC boosted its position in shares of John Hancock Preferred Income ETF by 17.3% in the 2nd quarter. Granite Bay Wealth Management LLC now owns 490,039 shares of the company’s stock worth $10,953,000 after purchasing an additional 72,344 shares during the last quarter. Beacon Financial Advisory LLC increased its stake in shares of John Hancock Preferred Income ETF by 1.7% in the 3rd 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 last quarter. Finally, Quad Cities Investment Group LLC grew its stake in 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.

John Hancock Preferred Income ETF Price Performance

Shares of John Hancock Preferred Income ETF stock opened at $22.73 on Tuesday. John Hancock Preferred Income ETF has a 52-week low of $21.69 and a 52-week high of $23.49. The business’s 50 day simple moving average is $22.97 and its 200 day simple moving average is $22.88.

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.