FFG Retirement Advisors LLC Purchases New Shares in John Hancock Preferred Income ETF $JHPI

FFG Retirement Advisors LLC acquired a new stake in John Hancock Preferred Income ETF (NYSEARCA:JHPI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 170,795 shares of the company’s stock, valued at approximately $3,957,000. John Hancock Preferred Income ETF makes up approximately 2.5% of FFG Retirement Advisors LLC’s holdings, making the stock its 18th largest position. FFG Retirement Advisors LLC owned about 3.21% of John Hancock Preferred Income ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of John Hancock Preferred Income ETF during the 2nd quarter valued at about $34,000. Capital Advisors Ltd. LLC grew its holdings in John Hancock Preferred Income ETF by 93.2% in the third quarter. Capital Advisors Ltd. LLC now owns 7,462 shares of the company’s stock valued at $173,000 after purchasing an additional 3,599 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of John Hancock Preferred Income ETF in the second quarter valued at approximately $220,000. Stonebridge Financial Planning Group LLC raised its stake in shares of John Hancock Preferred Income ETF by 14.7% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 10,650 shares of the company’s stock worth $240,000 after buying an additional 1,368 shares during the period. Finally, Leading Edge Financial Planning LLC lifted its position in shares of John Hancock Preferred Income ETF by 7.4% during the 2nd quarter. Leading Edge Financial Planning LLC now owns 11,185 shares of the company’s stock valued at $252,000 after buying an additional 771 shares in the last quarter.

John Hancock Preferred Income ETF Stock Performance

John Hancock Preferred Income ETF stock opened at $22.85 on Tuesday. The company’s fifty day moving average price is $23.02 and its 200 day moving average price is $22.95. John Hancock Preferred Income ETF has a 1 year low of $21.57 and a 1 year high of $23.56. The stock has a market capitalization of $121.56 million, a P/E ratio of 60.41 and a beta of 0.40.

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.