John Hancock Preferred Income ETF (JHPI) to Issue Monthly Dividend of $0.04 on February 27th

John Hancock Preferred Income ETF (NYSEARCA:JHPI) announced a monthly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, February 25th will be paid a dividend of 0.0365 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, February 25th.

John Hancock Preferred Income ETF Stock Performance

JHPI opened at $23.27 on Thursday. The business’s fifty day moving average is $23.08 and its two-hundred day moving average is $23.09. The company has a market cap of $148.93 million, a price-to-earnings ratio of 60.41 and a beta of 0.40. John Hancock Preferred Income ETF has a one year low of $21.57 and a one year high of $23.56.

Institutional Investors Weigh In On John Hancock Preferred Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Financial Advisory LLC increased its position in John Hancock Preferred Income ETF by 1.2% during the third quarter. Beacon Financial Advisory LLC now owns 37,092 shares of the company’s stock worth $859,000 after buying an additional 446 shares in the last quarter. HighTower Advisors LLC increased its position in John Hancock Preferred Income ETF by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 35,626 shares of the company’s stock worth $814,000 after purchasing an additional 833 shares in the last quarter. Stonebridge Financial Planning Group LLC increased its position in 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 purchasing an additional 1,368 shares in the last quarter. 1620 Investment Advisors Inc. raised its stake in John Hancock Preferred Income ETF by 3.1% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 59,087 shares of the company’s stock valued at $1,369,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in John Hancock Preferred Income ETF in the 4th quarter valued at about $48,000.

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.