Janney Montgomery Scott LLC Has $1.81 Million Stock Holdings in John Hancock Preferred Income ETF (NYSEARCA:JHPI)

Janney Montgomery Scott LLC cut its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 14.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,485 shares of the company’s stock after selling 13,950 shares during the period. Janney Montgomery Scott LLC owned about 4.60% of John Hancock Preferred Income ETF worth $1,813,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in shares of John Hancock Preferred Income ETF in the 3rd quarter worth about $114,000. CWM LLC lifted its stake in John Hancock Preferred Income ETF by 43.0% in the third quarter. CWM LLC now owns 5,066 shares of the company’s stock valued at $118,000 after purchasing an additional 1,523 shares during the last quarter. Empire Financial Management Company LLC grew its stake in shares of John Hancock Preferred Income ETF by 5.5% during the 3rd 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 during the period. Quad Cities Investment Group LLC increased its stake 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 worth $437,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in 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 acquiring an additional 594 shares during the period.

John Hancock Preferred Income ETF Price Performance

Shares of JHPI opened at $22.70 on Monday. The stock’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $22.90. John Hancock Preferred Income ETF has a 52-week low of $21.77 and a 52-week high of $23.49.

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.