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

Granite Bay Wealth Management LLC raised its position in John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,039 shares of the company’s stock after acquiring an additional 72,344 shares during the quarter. John Hancock Preferred Income ETF makes up about 0.4% of Granite Bay Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Granite Bay Wealth Management LLC owned about 28.00% of John Hancock Preferred Income ETF worth $10,953,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC purchased a new position in John Hancock Preferred Income ETF in the second quarter worth approximately $79,000. Capital Advisors Ltd. LLC increased its holdings in shares of John Hancock Preferred Income ETF by 89.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 5,307 shares of the company’s stock valued at $119,000 after acquiring an additional 2,500 shares during the period. 1620 Investment Advisors Inc. increased its holdings in shares of John Hancock Preferred Income ETF by 5.6% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 48,357 shares of the company’s stock valued at $1,081,000 after acquiring an additional 2,559 shares during the period. Quad Cities Investment Group LLC increased its holdings in shares of John Hancock Preferred Income ETF by 11.3% in the 1st quarter. Quad Cities Investment Group LLC now owns 16,200 shares of the company’s stock valued at $364,000 after acquiring an additional 1,649 shares during the period. Finally, Beacon Financial Advisory LLC acquired a new position in shares of John Hancock Preferred Income ETF in the 2nd quarter valued at $766,000.

John Hancock Preferred Income ETF Price Performance

Shares of JHPI opened at $23.20 on Tuesday. The company’s fifty day moving average is $22.82 and its two-hundred day moving average is $22.51. John Hancock Preferred Income ETF has a 1 year low of $19.86 and a 1 year 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.