John Hancock Preferred Income ETF $JHPI Shares Bought by Eldridge Investment Advisors Inc.

Eldridge Investment Advisors Inc. boosted its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPI) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 540,006 shares of the company’s stock after acquiring an additional 34,614 shares during the period. John Hancock Preferred Income ETF comprises about 2.7% of Eldridge Investment Advisors Inc.’s holdings, making the stock its 7th biggest holding. Eldridge Investment Advisors Inc. owned 8.44% of John Hancock Preferred Income ETF worth $12,332,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in shares of John Hancock Preferred Income ETF by 261.4% in the first quarter. Jane Street Group LLC now owns 35,756 shares of the company’s stock valued at $801,000 after buying an additional 25,861 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of John Hancock Preferred Income ETF in the second quarter valued at about $452,000. Bank of America Corp DE raised its position in shares of John Hancock Preferred Income ETF by 10.3% in the second quarter. Bank of America Corp DE now owns 205,497 shares of the company’s stock valued at $4,633,000 after buying an additional 19,204 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of John Hancock Preferred Income ETF by 44.9% in the third quarter. Envestnet Asset Management Inc. now owns 14,174 shares of the company’s stock valued at $328,000 after buying an additional 4,394 shares during the last quarter. Finally, Uniting Wealth Partners LLC acquired a new stake in shares of John Hancock Preferred Income ETF in the third quarter valued at about $2,669,000.

John Hancock Preferred Income ETF Stock Down 0.2%

Shares of NYSEARCA JHPI opened at $22.76 on Tuesday. The firm has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $22.97. The stock has a market capitalization of $177.53 million, a price-to-earnings ratio of 60.41 and a beta of 0.37. John Hancock Preferred Income ETF has a 52 week low of $22.35 and a 52 week high of $23.56.

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.