John Hancock Preferred Income ETF (NYSEARCA:JHPI) Stock Position Lifted by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC boosted its stake in shares of John Hancock Preferred Income ETF (NYSEARCA:JHPIFree Report) by 11.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,200 shares of the company’s stock after purchasing an additional 1,649 shares during the period. Quad Cities Investment Group LLC’s holdings in John Hancock Preferred Income ETF were worth $364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in John Hancock Preferred Income ETF during the fourth quarter valued at approximately $141,000. 3EDGE Asset Management LP grew its position in John Hancock Preferred Income ETF by 7.9% in the fourth quarter. 3EDGE Asset Management LP now owns 55,835 shares of the company’s stock worth $1,212,000 after acquiring an additional 4,070 shares in the last quarter. Fortitude Family Office LLC bought a new stake in John Hancock Preferred Income ETF in the fourth quarter worth approximately $47,000. Robbins Farley grew its position in John Hancock Preferred Income ETF by 2.2% in the fourth quarter. Robbins Farley now owns 81,445 shares of the company’s stock worth $1,767,000 after acquiring an additional 1,785 shares in the last quarter. Finally, Granite Bay Wealth Management LLC grew its position in John Hancock Preferred Income ETF by 2.9% in the fourth quarter. Granite Bay Wealth Management LLC now owns 21,234,613 shares of the company’s stock worth $441,835,000 after acquiring an additional 603,888 shares in the last quarter.

John Hancock Preferred Income ETF Stock Performance

JHPI stock traded up $0.02 during trading hours on Tuesday, hitting $22.49. The company’s stock had a trading volume of 1,284 shares, compared to its average volume of 8,512. John Hancock Preferred Income ETF has a 12 month low of $19.86 and a 12 month high of $22.61. The stock has a 50 day moving average price of $22.27 and a two-hundred day moving average price of $22.13.

John Hancock Preferred Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 29th were issued a dividend of $0.0732 per share. The ex-dividend date was Wednesday, May 29th.

About John Hancock Preferred Income ETF

(Free Report)

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.

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Institutional Ownership by Quarter for John Hancock Preferred Income ETF (NYSEARCA:JHPI)

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