BDFS Capital LLC Takes $3.36 Million Position in John Hancock Preferred Income ETF $JHPI

BDFS Capital LLC acquired a new position in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 147,236 shares of the company’s stock, valued at approximately $3,362,000. John Hancock Preferred Income ETF makes up approximately 1.7% of BDFS Capital LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in John Hancock Preferred Income ETF by 11.7% in the fourth quarter. NewEdge Advisors LLC now owns 27,507 shares of the company’s stock valued at $628,000 after acquiring an additional 2,892 shares in the last quarter. Cetera Investment Advisers grew its holdings in John Hancock Preferred Income ETF by 135.5% during the 4th quarter. Cetera Investment Advisers now owns 23,150 shares of the company’s stock worth $529,000 after acquiring an additional 13,321 shares in the last quarter. Osaic Holdings Inc. grew its holdings in John Hancock Preferred Income ETF by 35.8% during the 4th quarter. Osaic Holdings Inc. now owns 153,684 shares of the company’s stock worth $3,510,000 after acquiring an additional 40,552 shares in the last quarter. &PARTNERS purchased a new stake in shares of John Hancock Preferred Income ETF in the 4th quarter valued at approximately $1,353,000. Finally, Beacon Financial Advisory LLC increased its position in shares of John Hancock Preferred Income ETF by 2.0% in the 4th quarter. Beacon Financial Advisory LLC now owns 37,833 shares of the company’s stock valued at $864,000 after purchasing an additional 741 shares during the last quarter.

John Hancock Preferred Income ETF Trading Up 0.3%

Shares of JHPI opened at $22.92 on Friday. John Hancock Preferred Income ETF has a twelve month low of $22.42 and a twelve month high of $23.56. The firm’s fifty day simple moving average is $22.93 and its 200-day simple moving average is $22.97. The firm has a market capitalization of $178.78 million, a price-to-earnings ratio of 60.41 and a beta of 0.37.

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.